Thamesteel administration 'devastating blow' says MP

 
Steel worker at Thamesteel in Sheerness Thamesteel employs 400 people at its plant in Sheerness, Kent

Related Stories

The news the Thamesteel plant in Sheerness has gone into administration, threatening 400 jobs, has been described as a "devastating blow" to one of the most deprived parts of Kent.

Local MP Gordon Henderson said it's an "employment disaster".

Four hundred jobs may not be on the scale of jobs threatened when Pfizer announced it was to pull out of Sandwich.

But its impact will be just as keenly felt as Thamesteel is one of the biggest private firms on the Isle of Sheppey.

The company describes itself as "one of the fastest growing steel manufacturers in the UK" with an annual revenue of more than £100m.

It makes steel bars which reinforce cement used in the construction industry - no doubt the downturn in building projects hasn't helped the company's fortunes.

Mr Henderson has called for an urgent meeting with Business Secretary Vince Cable to discuss the future of the plant.

But, realistically how much can the government do? Much larger firms have gone into administration. Just last week Peacocks, the clothing retailer which employs 9,000 people, called in the administrators.

Gordon Henderson MP Gordon Henderson wants to meet Vince Cable to discuss the "employment disaster"

In a statement the government said: "In the event that there are redundancies, the Government will do all it can to help those affected."

It went on to say: "Clearly the steel industry is facing tough trading conditions as a result of the global downturn. As part of the Autumn Statement the Government announced measures worth around £250 million to help our Energy Intensive Industries, including the steel industry, to reduce their energy bills."

So it doesn't sound as if the government is able to do anything directly to help save Thamesteel. But Gordon Henderson says it emphasises how important it is to secure a deal for the Danish company Vestas to build a wind turbine factory on the island.

Vestas, one of the world's leading wind turbine manufacturers, last year warned the government it will not build a new factory in Kent unless it gets more detail on the UK's plans for renewable energy.

Now may be a good time for the government to come forward with that detail if it's to ensure Sheppey does not become blighted by unemployment.

 
Louise Stewart, Political editor, South East Article written by Louise Stewart Louise Stewart Political editor, South East

Lord Howard backs 'dying with dignity'

Former Conservative leader and Kent MP Lord Howard believes people should be allowed to die with dignity at home or in a hospice, not in a hospital.

Read full article

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

Comments

Jump to comments pagination
 
 
 

This entry is now closed for comments

Features

  • NS Savannah, 1962Nuclear dream

    The ship that totally failed to change the world


  • Ed Miliband takes a selfie at a Cambridge hairdressersNo more photo ops?

    Why is Ed Miliband drawing attention to his public image?


  • Espresso cup7 days quiz

    Which city serves the strongest cup of coffee?


  • Glasgow 2014 quaichs and medalsQuaich guide

    What do the Scottish gifts given to Games medallists symbolise?


  • Malaysian plane wreckage in UkraineFlight risk

    How odd is it for three planes to crash in eight days?


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.