Connect with us

Hi, what are you looking for?


Hundreds more jobs saved at Caparo

A further 333 UK jobs have been saved at steel company Caparo, administrators PwC have announced.

Caparo Tubular Solutions has been sold to the Gupta family, which manages metals company Liberty House Group.

The sale secures jobs in Oldbury, West Midlands, Tredegar, Blaenau Gwent and Edmonton, north London.

In October, Caparo announced 452 jobs were to go across the country, including 300 in the West Midlands, after it entered administration.

A total of 76 jobs in the West Midlands and south of England were saved last week when PwC confirmed Caparo Testing Technologies had been sold.

It brings the total number of jobs saved at the company to 409.

Robert Moran, partner at PwC, said: “The sale of Caparo Tubular Solutions is a major boost for the Midlands economy, the employees of Caparo and more widely for the UK steel industry.

“This deal preserves all 333 jobs at Caparo Tubular Solutions, which manufactures, distributes and supplies advanced tube components and parts for the automotive and aerospace industries in the West Midlands and South Wales.”

Unions blame cheap steel imports for Caparo’s financial problems.

Advertisement. Scroll to continue reading.


You May Also Like


Professing to be the lead in Thai relationship with over 1.5 million enrolled single people, Cupid Media’s ThaiCupid brings the one in every of...


Read more about switzerland women here. Swiss ladies and men are not reknown for being the most chatty, outgoing or spontaneous when meeting strangers...


An exclusive article form Orestis Karipis In the 1930’s and 1940’s acid was the weapon of deceived husbands and wives in the Western world...


In food, if there is one thing you can say without fear of contradiction, it is this: Britain loves burgers. The UK market is...

Copyright © 2020 All Rights Reserved