Steel industry turmoil continues as Caparo enters administration

Posted on 19 Oct 2015 by Callum Bentley

It’s estimated about 1,500 West Midlands jobs could be on the line with another steel giant on the brink of collapse.

Caparo Industries, which operates about 20 sites across the UK, this afternoon filed for administration in Birmingham. Accountancy firm PwC has been appointed as the company’s administrator where it will try to find a suitable buyer for Caparo.

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