British Steel to reverse salary cut for workers agreed under Tata

Scunthorpe company owned by Greybull Capital also predicts return to full-year profits months after near-collapseBritish Steel will reinstate the salary it was paying workers before they accepted a pay cut last year, after predicting a return to full-year profits months after it appeared on the verge of collapse.The Scunthorpe company, one of the two remaining steelworks in the UK, was sold to investment group Greybull Capital by Tata Steel last June, as the Indian-owned company shrunk its Briti