© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
News

Tata Steel seals £500m UK support package but big job losses feared

Unions say as many as 3,000 workers could lose posts in long term on back of deal to help decarbonisation plans

  • Business live – latest updates

The UK government has agreed a £500m support package for Tata Steel to secure the future of the Port Talbot steelworks, in a deal unions said will have “devastating consequences”, with as many as 3,000 workers expected to lose their jobs.

India’s Tata group, which owns the vast steelworks in south Wales – Britain’s biggest – is also expected to inject about £725m to help it transition to greener production methods.

Continue reading…

Related posts

English schools struggle to cope as Covid wreaks havoc

AEA3

Russian TV producer ‘extremely concerned’ for safety after protest live on air

AEA3

Superyacht worth £6m sinks in Torquay Harbour after setting on fire

AEA3

Pin It on Pinterest

Share This