Tata Steel plans to close its blast furnaces in Britain, resulting in up to 2,800 workers losing their jobs at its steelworks plant in Wales. The move comes as part of a plan to switch to lower carbon electric arc furnaces, which is supported by £500 million of government funding. Tata Steel will begin a consultation process and aims to maximize voluntary redundancies. The company employs over 8,000 people in the UK.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.