British Steel to axe thousands of jobs despite £600m taxpayer handout
4 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 were shut down and a second electric-arc furnace built in its place. Instead, British Steel, which has previously warned is losing £1m per day, has asked the Government to allow it to replace the “virgin steel” steel made at Scunthrope with three million tonnes of Chinese imports that will allow its rolling mills in Teesside and Skinningrove in the UK to keep running.

Uk Steel British Steel  imports  taxpayer  jobs  blast  tonnes  despite  uk  steel  furnaces  600m  scunthorpe  shut  british  thousands  handout  axe

History of this topic

Government considering nationalising British Steel amid rescue efforts
2 weeks, 6 days ago

Government considering nationalising British Steel amid rescue efforts

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 The government is considering nationalising British Steel as it attempts …

Workers at UK’s biggest steel plant get better severance deal ahead of green transition
3 months, 1 week 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 …

Tata Steel UK to shut blast furnaces, rejects unions' proposal
7 months, 4 weeks ago

Tata Steel UK to shut blast furnaces, rejects unions' proposal

Live Mint  

Mumbai: Tata Steel Ltd on Thursday said that it will proceed with its £1.25 billion electric arc furnace project at its Port Talbot plant to replace two aged blast furnaces, rejecting a plea by UK unions to keep a furnace running to prevent job losses. {{^adFree}} {{/adFree}} The proposal to maintain one blast furnace through the transition would have incurred …

Tata Steel expected to confirm plans to close furnaces at UK plant
11 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 …

Fears over jobs as British Steel confirms plans to shut blast furnaces
1 year, 1 month 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, 1 month 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 …

Discover Related