Business Secretary says 3k steel jobs at risk 'good news story'

The Business Secretary has said that plans that could see up to 3,000 steel workers lose their jobs is "a good news story". On Friday it was announced that the Government will pump up to £500million into Britain's biggest steelworks as part of plans to produce "greener" steel - but as many as 3,000 jobs are set to go.

"This plant is going to be continuing. It'll continue to be a processing plant and be up and running throughout that period. So, this is the good news story." Tata said last year its UK operations were under threat unless it secured Government funding to help it move to less carbon-intensive electric arc furnaces. The deal also comes two months after parent firm Tata Group confirmed plans to build a £4billion battery factory in the UK after also getting subsidies from the UK Government.

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