BLAST FROM THE PAST
McKINSEY isn’t the only management consultancy involved in the British steel sector (
Eye
1647).
Back in late 2019 and early 2020, the sale of British Steel was overseen by consultants from Ernst & Young (EY), acting on behalf of the official receiver after the previous owner went bust. The process culminated with the Chinese company Jingye taking over a key part of UK steel manufacturing.