in british steel's main plant in scunthorpe as well as its other sites on teesside and in north yorkshire. our business editor simonjack reports. this plant has been on government life support since it collapsed in may. technically in liquidation, it was offered a chinese lifeline today, and workers on their way home welcomed it. well, it's been a big concern, hasn't it? nobody not knowing what is happening, whether they've got a job, can pay their mortgages, feed theirfamilies. yeah, it's great news. obviously, there's been uncertainty around it, but now we know, this close to christmas, that we've got a job. with 4,000 employees and 20,000 in the supply chain, the steelworks is the lifeblood of scunthorpe. it's massive good news for lots of families and obviously for all the housing, for jobs, for younger people and older people alike, it's just great news. the thought of scunthorpe not having steel—making here really doesn't bear thinking about. charlotte charles worked there for 12 years and is now a union organiser. we're cautiously optimistic. our members have been in a
sustainable competitive footing joining us but he steals huge complex in scunthorpe and all it so the u.k. mills it also gains a u.k. engineering company and its stakes in its dutch and french subsidiaries although the british government have been paying wages in the hope of buy a could be found one deal had already fallen through and the future looked bleak so the genie takeover puts an end to months of fears yellowbelly said see there i think now good. job to say for the moment. he says the deal will save thousands of jobs in britain the group specializes in iron and steel but also has investments in 2 ism hotels and real estate. it says it employs 23500 people with 5000000000 euros assets. the chinese investors are also investing heavily into portugal's housing market where it's been is a favor the prices are low tourism is booming and there's another incentive for tourists who have enough money can get themselves. the old quarter in. this is where lotus pin yetto was once matt now she's on the road to help victims of real estate speculation who are mostly women. oh yeah i did the guy
scunthorpe and all its other u.k. mills it also gains a u.k. engineering company and its stakes in its dutch and french subsidiaries although the british government had been paying wages in the hope of buyer could be found one deal had already fallen through and the future looked bleak so the genie takeover puts an end to months of fears yellowbelly. up the now good. genie says the deal will save thousands of jobs in britain the group specializes in iron and steel but also has investments and tourism hotels and real estate. it says it employs 23500 people with 5000000000 euros assets. e.u. officials expect washington to announce a further 6 month delay on whether it tends to put levies of up to 25 percent on european cars and parts back in may the troubled ministration postponed its decision on whether to impose them until mid november last week u.s. commerce secretary will be at the 2 parties had had positive discussions and that the tariffs may not even be necessary. well let's go over to chelsea delaney our financial correspondent in frankfurt could. tip germany into recession.
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