Advertisement
Indian-owned Tata Steel to cut 3,000 jobs in Wales, source says
- The company will on Friday confirm the closure of two blast furnaces at the Port Talbot steelworks, resulting in the loss of over one-third of staff
- UK government has been looking to help Tata Steel and British Steel, run by Chinese group Jingye, to replace dirty blast furnaces
Reading Time:2 minutes
Why you can trust SCMP
Indian-owned Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source said on Thursday, as the industry struggles to finance greener production of the metal.
Advertisement
The company will on Friday confirm the closure of two blast furnaces at the Port Talbot steelworks, resulting in the loss of over one-third of staff, the source with knowledge of the plan told Agence France-Presse.
It follows talks on Thursday with unions, who described the development as “a crushing blow”.
Tata in a statement said it had “been engaging regularly and constructively with … trade union colleagues and their advisers for some time about the best way forward to create a sustainable green steel future for Tata Steel in the UK.
Advertisement
Advertisement