Workers at UK’s biggest steel plant get better severance deal ahead of green transition
6 months, 2 weeks ago

Workers at UK’s biggest steel plant get better severance deal ahead of green transition

Associated Press  

LONDON — Britain’s government unveiled on Wednesday details of a new support package for workers who face losing their jobs at the country’s biggest steel plant ahead of its transition to a greener way of production. Business Secretary Jonathan Reynolds said workers at the Port Talbot Steelworks in south Wales, owned by India’s Tata Steel, will be offered improved severance terms and a reskilling package if they choose. Earlier this year, Tata Steel said its plan to close its remaining two blast furnaces at Port Talbot ahead of the switch to a new 1.25 billion-pound electric furnace, which will emit less carbon and require fewer workers, will lead to the loss of around 2,800 jobs. “With the U.K. government’s critical support, this complex and ambitious transformation of Port Talbot has the potential to make the plant one of Europe’s premier centers for green steelmaking,” said T. V. Narendran, Tata Steel’s chief executive. “You can’t build a greener economy without a healthy steel industry.” The announcement of the closure of the blast furnaces was a major blow to Port Talbot, a town of about 35,000 people whose economy has been built on the steel industry since the early 1900s.

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History of this topic

Port Talbot: Tata Steel’s UK plant gets a new lifeline. Will it see a revival after £4 billion loss?
1 month, 1 week ago

Port Talbot: Tata Steel’s UK plant gets a new lifeline. Will it see a revival after £4 billion loss?

Live Mint  

From a unit who's recorded £4 billion in losses, Tata Steel's Port Talbot plant is now at the precipice of revival. Expressing pleasure at the council approval, Tata Steel UK CEO Rajesh Nair said the proposal looks to “build sustainable steelmaking in Port Talbot” and noted that the global market is challenging. Tata Steel's Troubles at Port Talbot Tata Steel's …

After Port Talbot, is there any hope for British steel?
6 months, 2 weeks ago

After Port Talbot, is there any hope for British steel?

The Independent  

The government has announced a “new improved” arrangement with Tata, the conglomerate that owns the Port Talbot steelworks, confirming a £500m grant which will go towards building a greener electric arc furnace. The GMB and Community – unions which are represented at Port Talbot – have said the new deal is better than what went before but is still “not …

Port Talbot: Labour’s deal for steel workers explained as 2,500 job losses announced
6 months, 2 weeks ago

Port Talbot: Labour’s deal for steel workers explained as 2,500 job losses announced

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy More than 2,500 workers are set to lose their jobs …

Government set to announce details of package to help Tata Steel plant
6 months, 2 weeks ago

Government set to announce details of package to help Tata Steel plant

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Government is expected to …

British Steel to axe thousands of jobs despite £600m taxpayer handout
7 months ago

British Steel to axe thousands of jobs despite £600m taxpayer handout

The Telegraph  

British Steel is preparing to shut its blast furnaces in Scunthorpe by Christmas, putting 2,500 jobs at risk. British Steel had originally committed to keep the blast furnaces open while a new, more efficient electric-arc furnace was built in Teesside. This would have created around 500 new jobs and kept steelmaking continuously in the UK while the old Scunthorpe furnaces …

‘Better deal available’ for Port Talbot steel jobs, says Business Secretary
8 months, 3 weeks ago

‘Better deal available’ for Port Talbot steel jobs, says Business Secretary

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Business Secretary Jonathan Reynolds said he believes there is …

Labour urges Tata to avoid irreversible action on Port Talbot plant pre-election
9 months ago

Labour urges Tata to avoid irreversible action on Port Talbot plant pre-election

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. All parties must pull back from the brink and …

Tata Steel to press on with Port Talbot job cuts despite Labour call for talks
9 months, 2 weeks ago

Tata Steel to press on with Port Talbot job cuts despite Labour call for talks

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tata Steel will continue with …

Tata Steel proposes additional support package of 130 million pounds for Port Talbot workers in UK
1 year, 1 month ago

Tata Steel proposes additional support package of 130 million pounds for Port Talbot workers in UK

Live Mint  

For the workers who would be affected as part of its transition plan in the United Kingdom, Tata Steel has proposed an additional financial 'support package' of around 130 million pounds, reported PTI on 4 February. {{^adFree}} {{/adFree}} The company drafted a decarbonization plan for Tata Steel UK to reduce carbon emissions and save energy costs including installing new plant …

Tata Steel to consider additional investment in UK plant: Narendran
1 year, 1 month ago

Tata Steel to consider additional investment in UK plant: Narendran

Live Mint  

Tata Steel would consider additional future investments in its Port Talbot plant in the UK, if more government funding was made available, the company's Chief executive T V Narendran said on Wednesday. The UK government has already agreed to a 500 million pound package to support the loss-making steel plant which was facing shutdown over high carbon emission. As part …

Tata Steel decision ‘a massive kick for the whole of South Wales’
1 year, 2 months ago

Tata Steel decision ‘a massive kick for the whole of South Wales’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tata’s decision to close blast …

Tata Steel To Close UK Plant’s Blast Furnaces, Likely To Cut 2,800 Jobs
1 year, 2 months ago

Tata Steel To Close UK Plant’s Blast Furnaces, Likely To Cut 2,800 Jobs

ABP News  

Tata Steel announced on Friday that it will be closing its two blast furnaces in the UK Plant by the end of this year as a part of its restructuring plan, according to a news agency Reuters report. These closing of the plants are part of Tata Steel’s plan to turn around its loss-making UK steelmaking business by switching to …

Tata Steel: Port Talbot closure forces UK to rely on China for steel as MP raises ‘national security’ concerns
1 year, 2 months ago

Tata Steel: Port Talbot closure forces UK to rely on China for steel as MP raises ‘national security’ concerns

The Independent  

✕ Close MP's anger at Tata Steel Port Talbot closure Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tata’s …

Tata Steel to cut 2,800 UK jobs, shut down 2 blast furnaces at Port Talbot
1 year, 2 months ago

Tata Steel to cut 2,800 UK jobs, shut down 2 blast furnaces at Port Talbot

Live Mint  

The closures are part of the company’s plan to turn around its loss-making UK steelmaking business by switching to lower-carbon electric arc furnaces. Steelmaker Tata Steel said on Friday that it will shut down its two blast furnaces at its Port Talbot steelworks in Wales, Britain by the end of this year, which will result in the loss of up …

Tata Steel announces plans to cut 2,800 jobs in a blow to Welsh town built on steelmaking
1 year, 2 months ago

Tata Steel announces plans to cut 2,800 jobs in a blow to Welsh town built on steelmaking

Associated Press  

LONDON — Indian firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener. The company said the switch would “reverse more than a decade of losses and transition from the legacy blast furnaces to a more …

Tata Steel expected to confirm plans to close furnaces at UK plant
1 year, 2 months ago

Tata Steel expected to confirm plans to close furnaces at UK plant

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tata Steel is expected to …

Tata Steel to cut 3,000 jobs in Wales: Report
1 year, 2 months ago

Tata Steel to cut 3,000 jobs in Wales: Report

Hindustan Times  

Indian-owned Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source with knowledge of the plan said Thursday, as the industry struggles to finance greener production of the metal. Towards the end of last year, the UK government provided £500 million to fund the production of "greener" steel at the country's biggest steelworks, while saying …

Fears over jobs as British Steel confirms plans to shut blast furnaces
1 year, 4 months ago

Fears over jobs as British Steel confirms plans to shut blast furnaces

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British Steel will close down …

British Steel to shut blast furnaces with up to 2,000 jobs at risk – report
1 year, 4 months ago

British Steel to shut blast furnaces with up to 2,000 jobs at risk – report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British Steel is planning to …

Announcement on future of Port Talbot steelworks jobs delayed
1 year, 4 months ago

Announcement on future of Port Talbot steelworks jobs delayed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. We are committed to meaningful information and consultation process …

Thousands of job losses expected to be confirmed at Port Talbot steelworks
1 year, 4 months ago

Thousands of job losses expected to be confirmed at Port Talbot steelworks

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We believe our £1.25 billion proposal to transition to …

British steel ‘the future, not the past’, Starmer vows during Port Talbot visit
1 year, 5 months ago

British steel ‘the future, not the past’, Starmer vows during Port Talbot visit

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Keir Starmer said that …

Labour promises UK steel industry will be ‘backed not abandoned’
1 year, 5 months ago

Labour promises UK steel industry will be ‘backed not abandoned’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sir Keir Starmer will visit …

Tata Steel and UK government agree on a 1.25 billion pound deal
1 year, 6 months ago

Tata Steel and UK government agree on a 1.25 billion pound deal

Op India  

In a significant announcement, the UK government and Tata Steel on 15 September unveiled a combined investment package worth 1.25 billion pounds which included a 500 million pound government subsidy in Wales, where the largest steelworks in the United Kingdom are located. Tata Steel and the UK government will invest in a state-of-the-art Electric Arc Furnace steelmaking plant at the …

Around 3,000 jobs at risk at UK’s biggest steelworks despite government-backed package of support
1 year, 6 months ago

Around 3,000 jobs at risk at UK’s biggest steelworks despite government-backed package of support

Associated Press  

LONDON — Around 3,000 workers at Britain’s biggest steelworks face the prospect of losing their jobs as part of a government-backed package Friday to make the plant “greener.” The British government confirmed widespread speculation that it will pump up to 500 million pounds into the loss-making Port Talbot steelworks in south Wales, money it says will safeguard the future of …

Fears for thousands of jobs at Britain’s biggest steelworks
1 year, 6 months ago

Fears for thousands of jobs at Britain’s biggest steelworks

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Unions fear thousands of job losses are to be announced on Friday at Britain’s biggest …

Tata in threat to shut down key Port Talbot steel plant
2 years ago

Tata in threat to shut down key Port Talbot steel plant

Daily Mail  

Tata Steel could shut down one of its two blast furnaces in Port Talbot unless the Government lays out long-term plans to help the industry by the summer. Hot spot: Tata Steel has warned it could close a blast furnace in Port Talbot Officials are locked in talks with Tata Steel and British Steel, which operates the country's only other …

Liberty Steel to begin next phase of restructuring with up to 440 jobs affected
2 years, 2 months ago

Liberty Steel to begin next phase of restructuring with up to 440 jobs affected

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Jeffrey Kabel, chief transformation officer for Liberty Steel Group, said: “Refocusing our operations will …

Fears over future of Tata steel plants amid Government support impasse
2 years, 8 months ago

Fears over future of Tata steel plants amid Government support impasse

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. No steel plant in the world has decarbonised their …

Tata Steel confirms 1,000 job cuts in UK as talks with workers kick off
5 years, 4 months ago

Tata Steel confirms 1,000 job cuts in UK as talks with workers kick off

India TV News  

Tata Steel Europe said it had begun consultations with the European Works Council on Wednesday on restructuring plans for its business, which would include up to 3,000 job losses – 1,000 of which will be in the UK. “As part of the comprehensive set of proposals, Tata Steel Europe intends to lower employment costs,” the company statement said. Tata Steel …

Tata Steel to cut 3,000 European jobs in ‘devastating blow’ to workforce
5 years, 4 months ago

Tata Steel to cut 3,000 European jobs in ‘devastating blow’ to workforce

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Plans by Tata Steel to …

British Steel collapses putting thousands of jobs at risk
5 years, 10 months ago

British Steel collapses putting thousands of jobs at risk

CNN  

London CNN Business — Britain’s second biggest steel maker collapsed on Wednesday, putting about 5,000 jobs at the company directly at risk, and threatening another 20,000 at suppliers. British Steel was reportedly seeking a government loan of £75 million to cover losses it suffered because orders from the European Union had evaporated due to the uncertainty surrounding Brexit. British Steel, …

Tata Steel agrees on 10-year investment plan for UK, offers guarantees to Port Talbot Steelworks
8 years, 3 months ago

Tata Steel agrees on 10-year investment plan for UK, offers guarantees to Port Talbot Steelworks

Firstpost  

London: Indian giant Tata Steel made a 10-year commitment to a one-billion-pound investment plan as part of its crucial talks with steelworkers’ unions to save thousands of jobs in the UK. The Indian steel giant has reportedly offered a number of guarantees to its staff at Port Talbot steelworks in south Wales, the UK’s largest steel plant, including a minimum …

Tata Steel, Thyssenkrupp looking at reducing Port Talbot’s capacity
8 years, 4 months ago

Tata Steel, Thyssenkrupp looking at reducing Port Talbot’s capacity

Live Mint  

London/Frankfurt: Tata Steel and Thyssenkrupp are looking at reducing the size of Britain’s largest steel plant in Port Talbot, Wales, industry people familiar with the matter said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry. Two officials from the Community labour union said in a message …

The global steel industry: What’s behind the downturn?
8 years, 11 months ago

The global steel industry: What’s behind the downturn?

Al Jazeera  

We explore the reasons behind the steady collapse of the steel economy, from China to Britain’s oldest plant. An unbalanced supply and demand equation has left even China, the world’s largest producer and consumer of steel, calling for global cooperation to try and tackle the industry’s problems. But while China is calling for cooperation, many blame China’s steel mills for …

Sajid Javid urged to reconsider his position after going on holiday as steel industry plunged into crisis
8 years, 11 months ago

Sajid Javid urged to reconsider his position after going on holiday as steel industry plunged into crisis

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sajid Javid, the Business Secretary and rising star of the Tory …

Tata Steel decides to exit UK, Cameron calls emergency meeting to discuss matter
8 years, 11 months ago

Tata Steel decides to exit UK, Cameron calls emergency meeting to discuss matter

India TV News  

London: Tata Steel’s decision to put up its entire UK business for sale has put thousands of jobs at risk and also pushed the government into a tizzy. Tata Steel, the second largest steelmaker in Europe, announced plans to sell UK business as it battles to control its "deteriorating financial performance", almost a decade after it bought steel giant Corus …

Should the UK Government nationalise Tata Steel?
8 years, 11 months ago

Should the UK Government nationalise Tata Steel?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Anne Soubry, the Conservative MP …

As Tata Steel plans to exit steel business in UK, thousands stare at a potential job loss
8 years, 11 months ago

As Tata Steel plans to exit steel business in UK, thousands stare at a potential job loss

Firstpost  

Tata employs about 15,000 people in Britain at sites including the giant Port Talbot plant in Wales London/Mumbai: Tata Steel is seeking to sell Britain’s biggest steel-making business, putting thousands of jobs at risk in an industry that once dominated the country but has been brought low by falling prices, high costs and Chinese competition. After a marathon board meeting …

Tata Steel puts British business including Port Talbot up for sale
8 years, 11 months ago

Tata Steel puts British business including Port Talbot up for sale

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India's Tata Steel has put …

Saving Port Talbot steelworks is an issue of 'national importance', Vince Cable tells David Cameron
8 years, 11 months ago

Saving Port Talbot steelworks is an issue of 'national importance', Vince Cable tells David Cameron

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Securing the future of steelworks …

Steel industry granted some valuable breathing space from EU
9 years, 5 months ago

Steel industry granted some valuable breathing space from EU

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s battered steel industry …

Tata Steel: 4 charts that show why the UK steel industry is in crisis
9 years, 5 months ago

Tata Steel: 4 charts that show why the UK steel industry is in crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tata said trading conditions had “rapidly deteriorated” in the …

Tata Steel to cut 1,200 jobs as one in six UK steel workers set to be laid off this month
9 years, 5 months ago

Tata Steel to cut 1,200 jobs as one in six UK steel workers set to be laid off this month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The scale of the crisis …

Fears for UK jobs as Tata Steel wipes £1bn from value of Europe operations
11 years, 10 months ago

Fears for UK jobs as Tata Steel wipes £1bn from value of Europe operations

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fresh fears over the future …

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