02
Nov
11:54
Caparo to cut 452 jobs, but merchant bar division untouched
UK-based Caparo Industries has announced 452 redundancies and the closure of five operations, Kallanish learns from its administrator, PricewaterhouseCoopers (PwC). Although the London-headquartered manufacturer went into administration on 19 October, its merchant bar division has so far escaped administration.
According to PwC, Fairbright Wire, Caparo Tubes Tredegar, Caparo Atlas Fastenings’ business at Darlaston, and Caparo …
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Very good overview of the weekly steel market.
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