Liberty Steel Group are to cut more than 350 jobs, with 282 of those being in South Yorkshire. The cuts are said to be a result of challenging market conditions.
Councillor Mazher Iqbal, Cabinet Member for Business and Investment at Sheffield City Council, said: “It is devastating news to hear of the job losses at Liberty Steel, which could affect many people in Sheffield.
“We know that falling levels of demand and the impact of Brexit have made for very challenging trading conditions but we remain optimistic that, given the skills of the retained workforce and previous investment facilities, there remains a viable and vitally important speciality steels business in Stocksbridge.
“The council is working alongside Liberty Steel to develop re-training and redeployment opportunities with the aim of minimising the number of compulsory redundancies needed. It’s vital the Government act now to provide all necessary support to the business and of course, the individuals concerned.”
Mayor Dan Jarvis said: “The risk of job losses at Liberty Steel in Stocksbridge is very concerning. My thoughts are with all those who might be affected by this devastating news.
“I will be contacting the company to seek assurances that all is being done to support anyone who faces losing their job.
“South Yorkshire has a thriving advanced manufacturing and materials sector, and I will continue to work hard to bring investment and high quality jobs into our region.”