Canberra, Feb. 20 -- Australia's Prime Minister (PM) and the Premier of South Australia (SA) have announced a 1.5 billion U.S. dollar support package for a major steelworks after its owner was placed into administration.
Anthony Albanese and Peter Malinauskas on Thursday unveiled a 2.4 billion Australian dollars (1.5 billion U.S. dollars) support package for the steelworks in the SA town of Whyalla.
It comes after Malinauskas on Wednesday forced the owner of the steelworks, a subsidiary of the multinational Gupta Family Group (GFG) Alliance, into administration over tens of millions of dollars in unpaid debts to creditors, including the state government.
Albanese and Malinauskas on Thursday said the support package would ensure that staf...