Steel industry needs money soon, union boss warns

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Talks with UK ministers and steel firms over financial help could end soon, Welsh secretary says.

Talks involving the UK government and the biggest steelworks about financial support could conclude shortly, according to the Welsh secretary.

David TC Davies said the talks to provide subsidies to cut emissions had reached "an interesting stage".to help decarbonise the site."The sad part of this is that we've already seen what happened back in the '80s when the pits closed and we had no plan," Shavanah Taj, Wales' TUC general secretary, told BBC Radio Wales'"Those communities got decimated and left behind. If we're not careful the same thing will happen here.

"We need to have a plan for steel and there is a plan - the trades unions [TUC], the employers and even the Welsh government have been talking on a regular basis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Private industry blackmailing for more public money

Then let there owners put the money in not the taxpayers.Taxpayers help London transport out for what fare rises and a crap service

Of course these loss making companies do. They should be shutdown and the money used to fund the NHS

Christmas is a traditional holiday in Korea,Everyone must know

'Romania and Ukraine two sad neighbours'

Running out of time. And perhaps find a better owner.

Car manufacturing 30% of what it was, no ship building, no coal mining, no HS2 passed Manchester.

British steel needs customers in the UK.

It’s a wonder the unions haven’t suggested the steelworkers go on strike. !!

Ask the banks, they were bailed out.

Who gave the government permission to give our hard earned taxes to the Chinese🤷🏻‍♂️ If my memory serves me well the Chinese are the cause of much of the misery we’re seeing today😡

Didn’t they get money a few years ago?

Maybe they should stop paying the shareholders, company executives etc a ridiculous amount of money and invest it in the industry. Then maybe they wouldn’t be asking for a payout

Me too

SORY ..MONEY GONE TO UKRAINE ...

Ваши основные фонды изжили себя и нуждаются в реструктуризации а наши будут построены на технологиях будущего

Ask the Chinese owners for it then

Well we have given billions to Ukraine, we can give billions to our employees and businesses that benefit the UK.

Isn’t it cheaper to import?

I hope this won’t be another rover cars, millions spent to save a few hundred jobs that end up going anyway, tax payer loses out

Poor unions.......

sure; no my money

Ask this geezer for a loan......

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK steel industry a whisker away from collapse - UniteUnite has written a letter to the Business Secretary Grant Shapps seeking more government support. That's because of China.😱 More taxpayers payers money going to overseas pockets. The Brexit dividend. What is the real story? How about some journalism and getting to the facts rather than just quoting a letter from a union? What state is the UK steel industry in?
Source: BBCNews - 🏆 3. / 97 Read more »

Steel industry a 'whisker away from collapse' due to Government inaction, unions warn Shapps🔴 Representatives of UK steel industry workers have warned that “crippling energy costs, carbon taxes, lost markets, lower demand, and open market access for imported steel” has left the industry on the brink of collapse
Source: i newspaper - 🏆 8. / 89 Read more »