Administrators cut 440 jobs at collapsed lender Greensill Capital

Administrators cut 440 jobs at collapsed lender Greensill Capital

The Guardian

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Workers based in London and Cheshire made redundant from firm that employed nearly 600 people in UK

Nearly 450 jobs have been lost in London and Cheshire at Greensill Capital, the controversial lender advised by David Cameron, which collapsed into administration last week.

It is the first set of UK job losses linked to the Greensill crisis, which has raised fears over the future of tens of thousands of jobs at firms that relied on the group for loans to help pay their suppliers. One of its largest borrowers, Liberty Steel-owner GFG Alliance, was forced to pause production last week to conserve cash. It employs about 5,000 workers across the UK.

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