Troubled Whyalla steelworks gets $2.4bn government bailout as hunt for new owner begins

GFG chair Sanjeev Gupta says SA government is on the ‘wrong course’ after it forced the operation into administrationFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA support package of $2.4bn will be poured into the Whyalla Steelworks to protect thousands of jobs and “invest in the nation”, the prime minister says.The federal and South Australian governments would “combine dollar for dollar on administration” to ensure the steelworks keep operating, and staff and creditors are paid, while a new owner is found, Anthony Albanese told steelworkers . Continue reading...

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Feb 19, 2025 - 19:31
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Troubled Whyalla steelworks gets $2.4bn government bailout as hunt for new owner begins

GFG chair Sanjeev Gupta says SA government is on the ‘wrong course’ after it forced the operation into administration

A support package of $2.4bn will be poured into the Whyalla Steelworks to protect thousands of jobs and “invest in the nation”, the prime minister says.

The federal and South Australian governments would “combine dollar for dollar on administration” to ensure the steelworks keep operating, and staff and creditors are paid, while a new owner is found, Anthony Albanese told steelworkers . Continue reading...

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