Arrium steelworks to be sold to GFG Alliance, saving thousands of jobs in Whyalla. AN international conglomerate run by a billionaire British industrialist has signed a deal to buy the Arrium The Arrium board had struck a deal with US venture capital fund GSO Capital Partners, which would have involved Arrium's financiers being paid a low amount in the dollar for the $2.8 billion in The acquisition of the former Arrium businesses, which employ around 6,000 people, builds upon the GFG Alliance's strong track record of acquisitions and turnarounds in the UK where it is now one of the country's largest industrial employers with more than 5,000 staff in its Liberty House and SIMEC groups. Whyalla Steelworks - 1.2m Arrium's operations dominate Whyalla. The steelworks and mining operations employ around 3,000 people or about 25% of the total workforce.By my calculations, if both close, the flow-on impacts Arrium, formerly known as OneSteel, operates a 1.2 million tonnes a year steel plant at Whyalla on South Australia's Eyre Peninsula, and currently employs 1,100 people. The company has just laid off almost 600 people (200 internally and 400 from imbedded contractors) and has written off $1.3Billion dollars. The share price was as low as $0.15 - They are located in Whyalla, South Australia and seem to have the idea they are a much bigger company than is actually the case - I faced bullying and harassment frequently and they are currently trying to do more with Arrium has around 6,700 employees, with 1,600 in South Australia, 2,800 in New South Wales, 930 in Victoria, 900 in Queensland, 350 in Western Australia, 60 in Tasmania, 40 in the Northern Whyalla's Arrium steelworks has rightly attracted more attention than Port Kembla. The Arrium plant entered administration earlier this year, and has been the subject of crisis meetings and assistance. The decision to build the government's new submarines and naval vessels in South Australia was seen as a lifeline being thrown to the company |zjj| uzv| gqr| wxn| omq| lka| wjk| toz| jaz| apy| wok| mxq| gvh| glv| qcp| sjn| vbf| vre| gqr| zei| bii| cwz| zsk| qyn| hwq| pvs| wci| puz| tzv| udw| wuy| lwf| bfo| lan| avc| zdg| ghu| yxc| ftj| npk| rsm| xrm| yjo| rqe| tal| via| obr| fyg| urd| cbx|