Latest news with #governmentintervention
CTV News
28-05-2025
- Business
- CTV News
Sask. hotel strike passes 600 day mark
WATCH: Former premier Lorne Calvert is calling for the government to intervene in a hotel strike affecting Moose Jaw and Saskatoon hotels. Wayne Mantyka explains.
BBC News
19-05-2025
- Business
- BBC News
Government ends three-year review into Peterborough City Council
The government has ended a review lasting more than three years into a cash-strapped council's governance and government minister Jim McMahon confirmed Peterborough City Council's non-statutory government intervention had a letter to council leader Dennis Jones, he said the authority had made progress – but that "risks remain".Jones said: "This is fantastic news from the government and testament to the improvements we have made in the past three years." He said financial challenges remained - "as they do for many councils" - and added: "We now have the foundations in place to support the necessary reform in this area."In December 2021, the city council began an improvement plan after an external team found "significant and urgent" financial challenges at the independent panel was required to report back its progress every six Badenoch, then minister for equalities and levelling up communities, said she was concerned the council had not "fully grasped" the scale of financial challenges facing the time, Peterborough City Council predicted a £27m budget gap for 2022-23 and had proposed £10m of cuts and savings. Matt Gladstone, Peterborough City Council's chief executive, said the authority was "unrecognisable" compared with three years said the council had put a three-year financial plan in place and reviewed its companies, with some brought back in-house and others disbanded."We know that financial pressures remain," said Mr City Council predicts a £23m budget gap for 2025-26 and has proposed cutting services including closing libraries to make Gladstone said: "We are developing innovative and creative ways to provide services differently so that they meet the needs of residents whilst supporting our efforts to become financially sustainable." Follow Peterborough news on BBC Sounds, Facebook, Instagram and X.
Reuters
07-05-2025
- Business
- Reuters
British Steel, under UK government control, to ramp up output, hire staff
LONDON, May 7 (Reuters) - British Steel said on Wednesday it would hire over 180 new staff as it prepares to ramp up production following the British government's operational seizure of the group from its Chinese owners in April. British Steel operates the country's last two remaining blast furnaces in Scunthorpe, eastern England. They have been running at a loss and came close to being shut down under plans announced in March by owners China's Jingye Group ( opens new tab. But following the government's intervention in April, British Steel said on Wednesday it would "significantly increase" iron and steel production in the coming months. As such it is recruiting for more than 180 new roles in engineering, manufacturing and business functions. The group employs 3,000 people, whose jobs were at risk under Jingye's closure plans. British Steel's interim chief executive Allan Bell said that with government backing, the company wanted to become one of the world's leading steel manufacturers. "To help achieve this, and meet customer demand, we will be upping production," he said in a statement. That demand is unlikely to be from the United States after President Donald Trump in March imposed a tariff of 25% on steel imports, in a blow for British Steel, which Jingye had warned was already losing 700,000 pounds ($922,000) a day. British Steel supplies the rail, construction, and automotive industries, but has struggled with high energy costs in the UK and a glut of steel in the global market. The government has previously said it is looking to bring in a private sector partner to secure British Steel's future. Meanwhile, Britain is trying to agree a trade deal with the U.S. which it hopes will reduce Trump's tariffs for its exporters, including British Steel.
