‘Half a billion pounds to make 3,000 unemployed’ job cut fears from Port Talbot state aid deal – business live

almost 2 years in The guardian

Unions fear that jobs will be lost through £500m subsidy deal with Tata Steel which could be announced todayHere’s a video clip explaining why the blast furnaces at Port Talbot could be replaced with newer, greener, electric arc furnaces that require fewer workers to operate:Yesterday, Wales’s economy minister Vaughan Gething criticised UK business secretary Kemi Badenoch over a ‘lack of dialogue’ over the impending Port Talbot state aid deal.With the reports in the press that a deal might be imminent, it was critical that we had the opportunity to discuss the progress of your negotiations with Tata Steel and the implications not only for the company but for the workforce, the community and the whole of the sector.The company sits at the heart of one of the UK’s most industrialised regions. Decisions by Tata Steel on the nature and timeframe of its decarbonisation journey will have a profound impact on wider strategic planning for the region. Continue reading...

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