Tata, Britain’s biggest steel producer, last month began the process of closing down one of its carbon-intensive blast furnaces, with the shutdown of its other furnace slated for September.
The two furnaces shutting down will likely result in the loss of up to 2,800 jobs at Port Talbot in South Wales.
Britain’s business minister Jonathan Reynolds said in July that the new government was prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies.
“The compulsory redundancies, which is the point where the unions, the government and us need to see – how do we address that,” Narendran said, adding they would also look at re-skilling.
The company is also evaluating the need to seek more funding from the government to build more steelmaking facilities, Narendran added. The new government in Britain will need to sign the 500-million-pound ($635 million) support package that the previous government agreed on with Tata Steel to help build a lower-carbon electric arc furnace.
Northern Ireland’s First and deputy First Ministers are to meet trade union representatives over protecting jobs at Harland and Wolff.The historic Belfast shi
Prime Minister announces £485 million of Italian investment into the UK following a meeting in Rome with Italian CEOs this morningHe also met his Italian cou
Prime Minister announces £485 million of Italian investment into the UK following a meeting in Rome with Italian CEOs this morning He also met his
Vinci stayed in the red last year at its UK business despite revenue at the group, which includes its building, FM and highways arms, breaking the £2bn mark. T