China's Jingye, British Steel unions agree to up to 500 job cuts
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LONDON (Reuters) - UK trade unions have reached a deal with China's Jingye Group about its provisional deal to buy British Steel, acknowledging that up to 500 jobs will go in exchange for protecting pay and employment terms."The sale to Jingye is now firmly in sight and we would encourage all stakeholders in the business to focus on reaching a positive conclusion," three trade unions said in a joint statement released on Friday.Jingye is making progress with securing approvals for the deal and..