It was announced last month that Tata Steel would receive a £500m boost from the government, although the plans to move to less polluting electric arc furnaces at the enormous plant in South Wales would mean 3,000 job losses across the business. Half of the Indian-owned company’s 8,000 strong workforce is based in Port Talbot.
It was reported on the weekend that the government was in discussions with British Steel’s Chinese owners, Jingye, to confirm a similar package to help them decarbonise. Around 2,000 jobs are thought to be at risk at British Steel as the firm attempts to decarbonise and shore up monthly losses thought to be in the region of £30m. The enormous Scunthorpe works employs a workforce of around 4,500.
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Source: LBC - 🏆 17. / 74 Read more »