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Tata Steel To Cut 2,800 Jobs In UK As Company Shuts 2 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.
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British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
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UK To Pump $621 Million Into Tata Steel To Secure Steel Industry
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.
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NRI Industrialist Swraj Paul Eyes UK, India Acquisitions
London-based entrepreneur Lord Swraj Paul has revealed acquisition plans in the United Kingdom (UK) and India in the coming months
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Tata Motors Denies Intent Of Selling Stake In Jaguar Land Rover
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...
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Prince Charles Appoints Indian-Origin Steel Tycoon As UK Skills Ambassador
Indian-origin steel tycoon Sanjeev Gupta has been appointed by Britain's Prince Charles as an official ambassador for the Industrial Cadets programme designed to nurture manufacturing skills.
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Thyssenkrupp Unions Fear Loss Of Rights In Tata Steel Deal Structure
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.
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Tata Steel UK Closes Pension Scheme To New Accruals From March 31
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.
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Tata Steel To Sell Speciality Steel Business To Liberty House
Tata Steel said the deal covers several South Yorkshire-based assets including the electric arc steelworks and bar mill at Rotherham.
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Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity: Report
Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.
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Windfall At Tata's Port Talbot Unlikely To Change Long-Term Outlook
Britain's June 23 vote to leave the European Union, which prompted Tata to say it would also consider a joint venture, has only increased the uncertainty.
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In Talks With Tata Steel About European Plants: Thyssenkrupp
Thyssenkrupp, Germany's biggest steelmaker, confirmed on Sunday that it is in talks with Tata Steel about a consolidation of beleaguered European steel mills that are hit by overcapacity, weak demand and cheap imports.
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Tata Steel Pauses Sale Of UK Assets On Brexit Uncertainty, Looks For Partner
Tata Steel put its British operations up for sale in March, including its Port Talbot plant in southern Wales, threatening thousands of jobs, but an industry source told Reuters on Thursday that the sale had been put on hold.
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Liberty To Bid For Tata Steel Units, Port Talbot Sale On Ice: Report
Liberty House Group plans to bid for two units of Tata Steel's British business - specialty steels and pipeline tubes - which operate independently of its Port Talbot plant and related assets that were put up for sale earlier this year, an industry source told Reuters.
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Tata May Freeze Steelworks Auction To Assess Brexit: Report
Tata Steel is set to freeze auction of its UK steelworks while it assesses the fallout of the Brexit vote, a media report said on Sunday.
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Tata Steel To Cut 2,800 Jobs In UK As Company Shuts 2 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.
-
British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
-
UK To Pump $621 Million Into Tata Steel To Secure Steel Industry
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.
-
NRI Industrialist Swraj Paul Eyes UK, India Acquisitions
London-based entrepreneur Lord Swraj Paul has revealed acquisition plans in the United Kingdom (UK) and India in the coming months
-
Tata Motors Denies Intent Of Selling Stake In Jaguar Land Rover
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...
-
Prince Charles Appoints Indian-Origin Steel Tycoon As UK Skills Ambassador
Indian-origin steel tycoon Sanjeev Gupta has been appointed by Britain's Prince Charles as an official ambassador for the Industrial Cadets programme designed to nurture manufacturing skills.
-
Thyssenkrupp Unions Fear Loss Of Rights In Tata Steel Deal Structure
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.
-
Tata Steel UK Closes Pension Scheme To New Accruals From March 31
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.
-
Tata Steel To Sell Speciality Steel Business To Liberty House
Tata Steel said the deal covers several South Yorkshire-based assets including the electric arc steelworks and bar mill at Rotherham.
-
Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity: Report
Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.
-
Windfall At Tata's Port Talbot Unlikely To Change Long-Term Outlook
Britain's June 23 vote to leave the European Union, which prompted Tata to say it would also consider a joint venture, has only increased the uncertainty.
-
In Talks With Tata Steel About European Plants: Thyssenkrupp
Thyssenkrupp, Germany's biggest steelmaker, confirmed on Sunday that it is in talks with Tata Steel about a consolidation of beleaguered European steel mills that are hit by overcapacity, weak demand and cheap imports.
-
Tata Steel Pauses Sale Of UK Assets On Brexit Uncertainty, Looks For Partner
Tata Steel put its British operations up for sale in March, including its Port Talbot plant in southern Wales, threatening thousands of jobs, but an industry source told Reuters on Thursday that the sale had been put on hold.
-
Liberty To Bid For Tata Steel Units, Port Talbot Sale On Ice: Report
Liberty House Group plans to bid for two units of Tata Steel's British business - specialty steels and pipeline tubes - which operate independently of its Port Talbot plant and related assets that were put up for sale earlier this year, an industry source told Reuters.
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Tata May Freeze Steelworks Auction To Assess Brexit: Report
Tata Steel is set to freeze auction of its UK steelworks while it assesses the fallout of the Brexit vote, a media report said on Sunday.
