- Issue Time
It's not often that the global steel industry makes the pages of a British tabloid newspaper, but it happened yesterday in the left-leaning Daily Mirror.
Political correspondent Kevin Maguire wrote that the 'plight of thousands of British steelworkers is a modern immorality story more telling than any tweet'.
He was referring to Tata Steel's intention to sell 6,500 workers to Klesch, which Maguire described as 'an American corporate vulture'.
Klesch, wrote Maguire, has been accused in Parliament of asset-stripping by Tom Greatrex, the British Labour Party's Shadow Energy Minister.
Maguire mentions two aluminium smelters acquired by the Klesch Group in Holland and Germany, which subsequently went bankrupt 'amid huge political rows about subsidies and money channelled to a tax haven'.
While Klesch himself insists that jobs won't be lost at Tata Steel if Klesch buys the Indian steelmaker's Long Products Division, based in Northern England, Maguire argues that global corporations 'treat people as tradable commodities, to be handed over lock, stock and redundancy. When the new master has no use for them, they are binned,' he wrote, citing empty promises made by another large American company, Kraft.
According to Maguire, "British workers don't want patronising praise from saccharine politicians. They need tough new laws to protect jobs and keep them out of the claws of what Ed Miliband [leader of the Labour Party] used to call predators'.