Tata Steel Limited (TATASTEEL.NS)
- PA Media: Money
Talks over Tata steel plans have broken down, say unions
Community, the GMB and Unite said that the company was ‘completely disregarding’ the impact of its plans on workers and local communities.
- PA Media: Money
Welsh First Minister to urge Tata to ‘look again’ at furnace plan on India visit
Vaughan Gething, the leader of the Welsh Labour government, has announced his intention to lobby Tata in Mumbai next week.
- Associated Press Finance
Steelworkers at the UK's largest production plant vote to strike over job losses
Steelworkers at Britain's largest steel production plant voted to strike for the first time in around 40 years to protest the planned loss of 2,800 jobs by Indian owner Tata Steel, union officials said Thursday. In January, Tata said it would close both blast furnaces at Port Talbot as part of plans to make its unprofitable U.K. operation leaner and greener, replacing them with more environmentally friendly electric arc furnaces. Unite said Tata has other choices after the union secured a commitment from the main Labour Party opposition that it will invest 3 billion pounds ($3.8 billion) in U.K. steel, compared with the 500 million pounds pledged by the current Conservative government.
