Jun 11, 2024, 9:00 PM
Jun 11, 2024, 12:00 AM

Tata Steel pushes forward with job cuts at Port Talbot despite Labour's plea

Left-Biased
Highlights
  • Tata Steel plans to proceed with job cuts at Port Talbot despite Labour's request for discussions.
  • The company warns that the future of steelmaking at Port Talbot could be at risk if forced to reverse the closure of blast furnaces.
  • Labour's efforts to negotiate with Tata Steel seem to have been rejected, putting jobs in jeopardy at the steel plant.
Story

Tata Steel plans to shut off blast furnaces in South Wales, costing thousands of jobs despite Labour Party's request to delay until after the General Election. The company is moving towards greener production with an electric arc furnace, risking jobs. Tata is investing £1.25 billion in greener technology to produce low-emission high-quality steel. The company called for safeguards for a £500 million grant from the Government for the project. Steelworkers are protesting job losses with industrial action starting on June 18. Tata confirmed almost 2,800 roles would go under the transition to greener steel. The company faces financial losses of £1 million a day. Unions are urging Tata to consider alternatives to protect jobs and engage with Labour. Relations between Tata and unions are strained as industrial action looms.

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