Business Live with Ian King: Thousands of Port Talbot metal jobs axed beneath inexperienced shift
Join Ian King and friends as greater than 3,000 jobs are to be axed on the nation’s largest steelworks, it has been confirmed.
The losses come as Tata Steel introduced it was to press forward with plans to shut blast furnaces on the Port Talbot plant in South Wales.
The metal large in September confirmed particulars reported by Sky News that it had secured £500m of taxpayer money to help the location’s transition to cheaper, greener metal manufacturing to chop emissions and stem monetary losses.
Job cuts had been anticipated as a part of the deal although 5,000 UK workers are as a consequence of stay inside the wider UK operations following the settlement with the federal government.
The redundancies, to be accomplished by March subsequent yr, will see three-quarters of the 4,000 workers on web site put out of labor.
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