Tata Steel confirms it is cutting 2,800 jobs across UK in huge blow to British manufacturing

Описание: Tata Steel TISC.NS said on Friday it will close its two blast furnaces in Britain by the end of this year, with the loss of up to 2,800 jobs at its Port Talbot steelworks in Wales.

The closures are part of India-owned Tata Steel's plan to turn around its loss-making UK steelmaking business by switching to lower carbon electric arc furnaces, a proposal backed by 500 million pounds ($634.10 million) of government money.

Tata Steel said about 2,500 roles were likely to go in the next 18 months, with 2,800 jobs affected overall. It will start a consultation process as part of the restructuring and said it would try to maximise voluntary redundancies.

"The course we are putting forward is difficult, but we believe it is the right one," Tata Steel Chief Executive T V Narendran said. "We must transform at pace to build a sustainable business in the UK for the long-term."

Tata Steel employs more than 8,000 people in the UK, but the warning that there could be 3,000 redundancies came in September when the government announced its funding package to safeguard 5,000 jobs.

Trade unions Community, Unite and GMB said in a separate statement that they rejected the Tata Steel plan and would consult members on next steps, including industrial action.

The electric arc furnaces are operated by fewer workers compared to the blast furnaces and the confirmation of the job losses is a major blow for the area, where Tata Steel is a major employer.

Tata said it would offer a 130 million pound support package to help affected employees retrain and find new jobs.

Stay informed on the dynamic world of UK politics with The Sun. We’ll bring you updates on Kier Starmer and the Labour party, major policy decisions, parliamentary debates and electoral developments, including local and general elections. Understand the impact of current events on the UK economy, public services - and how they’ll affect you. Follow updates on the Prime Minister, Cabinet ministers and opposition leaders as they navigate crucial issues such as tax, inflation, public sector strikes and international relations. Subscribe now for all the latest in UK politics.

The Sun brings you breaking news and in-depth analysis on the stories that matter most. From the ongoing war in Ukraine to conflicts in the Middle East and US and UK politics, we post updates as they happen. Expect the latest on major global events, pressing political debates, celebrity updates and exclusive royal family content, along with in-depth investigations and expert commentary. Get comprehensive coverage of Donald Trump's Presidency, Vladimir Putin's actions, and the unfolding drama of the British Royal Family.

Subscribe now for daily updates and exclusive content from The Sun.
https://www.youtube.com/c/thesun?sub_...

Read The Sun: https://bit.ly/3Tay1OY
Like The Sun on Facebook:   / thesun  
Follow The Sun on TikTok:   / ucizxayrp7-p0anpq-nd-h5g  
Subscribe to The Sun on Snapchat:   / 1633225139