job losses: Ataer now has exclusive rights to look into British Steel in greater detail and plans to complete the purchase by the end of the year, according to The Independent. Toker Ozcan, head of the mining metallurgy group at Oyak, told the FT that the group's immediate focus will be to boost output. Ataer Holdings, the investment arm of Turkey's military pension fund Oyak, was unveiled on Friday as the preferred buyer for the steelmaker which collapsed in May. He declined to comment on the scale of possible job losses but said productivity at British Steel's main plant in Scunthorpe is very low compared with other European steel producers. You can form your own view. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true.
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Tagged under job losses, steel topics.