Tata Steel has proposed an additional financial support package of around £130 million for workers affected by its transition plan in the UK. As part of the decarbonisation plan, the company will close high-emission blast furnaces and coke ovens in 2024 and shift to electric arc furnace-based steelmaking. The transition aims to save energy costs and reduce carbon emissions. Tata Steel CEO T. V. Narendran emphasized the challenging situation and the company's efforts to provide fair and considerate outcomes for affected employees. The comprehensive support package is in addition to the funding for the Transition Board.
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