General
Mixed feelings from Whyalla workers amid uncertainty around GFG Alliance’s financial woes
The relative success of Sanjeev Gupta’s Whyalla operations has some locals hopeful that legal action against the billionaire will not leave them without jobs, but other are less convinced.
Key points:
- A creditor has called for Sanjeev Gupta’s Australian businesses to be wound up
- Workers are split about how their future looks
- The state government says it is looking at supporting contractors
Citibank yesterday made an application in the NSW Supreme Court to wind up the operations of two companies, including OneSteel Manufacturing which runs Whyalla’s steelworks, and employs more than 1,200 workers.
The move comes after the collapse of one of the major lenders to Mr Gupta’s GFG Alliance, Greensill Capital.
Several workers who spoke to the ABC…
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