British Steel 'is set to go into insolvency process today'

Samuel Glentworth, 19, is pictured arriving for work at the plant this morning, with some fearing they could have no job tomorrow

Samuel Glentworth, 19, is pictured arriving for work at the plant this morning, with some fearing they could have no job tomorrow

British Steel is expected to plunge into insolvency today despite the government yesterday responding to calls for nationalisation with assurances that it will do all it can to save the company.

Workers were yesterday demanding answers as potential collapse threatened 25,000 jobs. 

But insolvency will be declared in a matter of hours, Sky News reports. 

Trade union Unite yesterday said it would be an 'economic catastrophe' if it went out of business. 

Business minister Andrew Stephenson told the Commons the Government would do everything it could, within its legal parameters, to support the industry.

'I can reassure the House that, subject to strict legal bounds, the Government will leave no stone unturned in its support for the steel industry,' he said.

There are fears that British Steel could go into administration if it does not receive financial help from the Government to secure its future.

Almost 5,000 workers are employed by the company, mainly in Scunthorpe, with another 20,000 employed by firms in the supply chain.

Hundreds of glum-looking British Steel workers were seen leaving the company's main plant in North Lincolnshire yesterday.

Steel workers arrived for work at the Scunthorpe headquarters this morning, when the company had until the end of the day to come up with a rescue plan

Steel workers arrived for work at the Scunthorpe headquarters this morning, when the company had until the end of the day to come up with a rescue plan 

Employees traipsed through the front gate of the company's headquarters, with a number of workers describing the 'depressing' feeling inside the plant. Others said they had been 'left in the dark' about their futures.

Contractor Callum Wright, a 30-year-old father of three, said: 'I'm worried for my job. There are a lot of rumours going around about about being made redundant, I think we could be gone by tomorrow.

'It's depressing coming into work at the moment, the atmosphere is rubbish. We're not really being informed about what's going on.

'I think everyone here knows the answer now though, people are preparing what to do next.

'It's going to be terrible for the town, everyone in Scunthorpe has a family member who works here so the effect will be huge.

Pictured: The plant in Scunthorpe faces grave uncertainty as the government promised to 'leave no stone unturned' trying to save it

Pictured: The plant in Scunthorpe faces grave uncertainty as the government promised to 'leave no stone unturned' trying to save it 

'I have children so I worry about providing for them, I haven't got a clue what I'd go and do next. The uncertainty is really frustrating.'

Samuel Glentworth, a 19-year-old warehouse worker who only started at the plant five weeks ago, said: 'I've only just got this job and it would be a real struggle to find another one.

'I can't believe we could be out of work just like that, within a few days. The atmosphere on site has been bad because people don't know what's happening.'

Many British Steel employees expressed particular concern that their futures are 'up in the air' and that company officials are unable to keep 'them in the loop'.

One man, who gave his name only as Tony, leaned out his car window and said: 'The lack of information is the most frustrating thing.

'Nobody is telling us anything, we have to hear about what's happening on the news. At least if we had an idea we could start planning for the future, but we don't.'

Despite the generally depressing feel among most workers making their home, some maintained hope of a happy resolution to the company's troubles.

One man, who wanted to remain anonymous, said: 'We still haven't heard anything official yet so we just keep coming into work and doing our jobs until we're told not to, that's all we can do.

'We have to keep hoping and keep out fingers crossed for good news and that there's a future for British Steel. It's out of our hands unfortunately.'

Scunthorpe Unite trade union official, Martin Foster, spoke outside the British Steel front gates this afternoon (21/5) to demand urgent answers from the government.

He said: 'We need decisions right now. We have had problems before but this has a scary feel of finality to it.

If British Steel's government talks fail it could mean 4,000 redundancies at the firm's large plant in Scunthorpe (pictured) and 20,000 others across the country

If British Steel's government talks fail it could mean 4,000 redundancies at the firm's large plant in Scunthorpe (pictured) and 20,000 others across the country

'This plant closing would mean thousands of people looking for jobs. The workers here give absolutely everything, they do everything that's asked of them and they deserve better.

'Their futures are in the hands of people who really have no understanding of their lives or what effect closing the plant

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