NORTH-EAST workers' jobs could be at risk after a steel firm was sold.

Administrators say CIP Trading has acquired the business and assets of Hi-Tech Steel Services, which operated a plant in Newton Aycliffe, County Durham.

Bosses say 30 workers' jobs have been saved in the deal for the steel stockholder and processor.

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However, it not clear how many Aycliffe jobs have been retained through the sale.

The Northern Echo understands work could be transferred to Hi-Tech's sister plant in Bold, near St Helens, Merseyside.

Prior to entering administration, Hi-Tech employed about 70 members of staff.

David Thornhill, joint administrator, said: “The administration process provided a vital cushion to help restructure the financial side of Hi-Tech, ensuring the rescue of the core operations and retention of a significant skilled local labour force.

“The new ownership structure brings with it a vital continuity of management experience for what remains a successful steel process business and we wish the company the very best for the future.”