Tata Steel In Uk

Around 1,500 Tata Steel workers in Port Talbot and Llanwern in Wales will begin an "all-out indefinite strike action" from July 8 to protest the company's "disastrous plans" to cut 2,800 jobs and close its blast furnaces.

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.

The United Kingdom and Tata Steel on Friday announced a joint investment package worth 1.25 billion pound, including a government grant of 500 million pound, for the country's largest steelworks in Wales.

The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy.

Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as 3,000 jobs at risk.

Tata Steel said on Friday it could close its major plant at Port Talbot in Wales unless it receives British government aid of 1.5 billion pounds ($1.8 billion) to help decarbonise production.

Liberty Steel had stepped in to acquire Tata's Speciality Steels business employing more than 1,700 people in Yorkshire, Lancashire and the West Midlands in an estimated 100 million pounds deal

Tata Steel is one of Europe's prominent steel producers, with steelmaking in the UK and the Netherlands, and manufacturing plants across Europe.

Earlier some reports claimed Tata Motors is looking for a strategic partner for Jaguar Land Rover (JLR) after talks with the British government on a financial rescue package has failed. The company reportedly is also planning to sell off its UK steel plant lock, stock, and barrel. However, the Indian auto manufacturer has completely denied this rum...

Mr Drakeford said the Welsh government had been in talks with Tata Steel and it was clear the Port Talbot site, the UK's largest steelworks, is important to all parties.

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.

Unions at Thyssenkrupp have opposed the deal and are concerned more steel jobs may go in the long term in addition to as many as 4,000 job losses already announced as part of the merger.

Indian-origin businessman Sanjeev Gupta on Wednesday reactivated a unit at one of his British steelworks mothballed by Tata Steel UK at the height of a crisis in the global steel industry.

The pension scheme's 15 billion pounds ($19.37 billion) of liabilities appeared to be the main obstacle in the merger talks with Thyssenkrupp, which has been opposed to taking them on.

Tata Steel UK said it would still be "deeply engaged" in talks with the pension scheme trustees, regulators and unions to ensure the survival of British steelmaking and a fair solution for all members of the British Steel Pension Scheme.

Around 1,500 Tata Steel workers in Port Talbot and Llanwern in Wales will begin an "all-out indefinite strike action" from July 8 to protest the company's "disastrous plans" to cut 2,800 jobs and close its blast furnaces.

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.

The United Kingdom and Tata Steel on Friday announced a joint investment package worth 1.25 billion pound, including a government grant of 500 million pound, for the country's largest steelworks in Wales.

The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy.

Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as 3,000 jobs at risk.

Tata Steel said on Friday it could close its major plant at Port Talbot in Wales unless it receives British government aid of 1.5 billion pounds ($1.8 billion) to help decarbonise production.

Liberty Steel had stepped in to acquire Tata's Speciality Steels business employing more than 1,700 people in Yorkshire, Lancashire and the West Midlands in an estimated 100 million pounds deal

Tata Steel is one of Europe's prominent steel producers, with steelmaking in the UK and the Netherlands, and manufacturing plants across Europe.

Earlier some reports claimed Tata Motors is looking for a strategic partner for Jaguar Land Rover (JLR) after talks with the British government on a financial rescue package has failed. The company reportedly is also planning to sell off its UK steel plant lock, stock, and barrel. However, the Indian auto manufacturer has completely denied this rum...

Mr Drakeford said the Welsh government had been in talks with Tata Steel and it was clear the Port Talbot site, the UK's largest steelworks, is important to all parties.

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.

Unions at Thyssenkrupp have opposed the deal and are concerned more steel jobs may go in the long term in addition to as many as 4,000 job losses already announced as part of the merger.

Indian-origin businessman Sanjeev Gupta on Wednesday reactivated a unit at one of his British steelworks mothballed by Tata Steel UK at the height of a crisis in the global steel industry.

The pension scheme's 15 billion pounds ($19.37 billion) of liabilities appeared to be the main obstacle in the merger talks with Thyssenkrupp, which has been opposed to taking them on.

Tata Steel UK said it would still be "deeply engaged" in talks with the pension scheme trustees, regulators and unions to ensure the survival of British steelmaking and a fair solution for all members of the British Steel Pension Scheme.