Clouds over Tata Steel UK plant after merger collapse

  • 📰 eNCA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The future of Tata Steel's main European operations faced fresh uncertainty after German industrial conglomerate Thyssenkrupp scrapped merger plans.

File: A deal was seen as positive for Tata's Port Talbot plant in Wales that employs more than 4,000 staff.LONDON - The future of Tata Steel's main European operations, based in the UK, faced fresh uncertainty Friday after German industrial conglomerate Thyssenkrupp scrapped merger plans with the Indian giant.

"Sadly, this may mean yet another period of uncertainty for steelworkers and their families," said Community general secretary Roy Rickhuss. The Welsh plant's future had already been at risk in 2016 before Tata ended that year by pledging its commitment to its operations across Britain that currently employ more than 8,000 staff.

"It's vital that the business is kept intact and the right steps are taken to safeguard jobs and continue investment to ensure a sustainable future," he added.

 

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

 /  🏆 49. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

SAB shareholders may have won the most in AB InBev mergerConditions in the funding and beer-drinking market have become tougher since the mega-deal Jack_Mabena ey cuz... 👀
Source: BDliveSA - 🏆 12. / 63 Read more »

Antitrust watchdog blocks $11bn merger of Vodafone’s Australian business with TPG TelecomCompetition commission says deal would reduce rivalry in cellphone and fibre markets
Source: BDliveSA - 🏆 12. / 63 Read more »