Economic news

Tata Steel to cease UK plant operations earlier than planned, PA reports

2024.06.27 14:24

LONDON (Reuters) -Tata Steel will take steps to cease operations at its plant in Port Talbot, Wales, by July 7, earlier than planned, because of a scheduled strike, PA Media reported on Thursday.

Tata did not immediately respond to a request for comment on the report, which cited workers who had been told of the plans.

© Reuters. FILE PHOTO: Tata Steel Port Talbot steel production plant is seen at night time, ahead of its planned transition from blast furnace to electric arc furnaces, at Port Talbot, Wales, Britain, March 11, 2024. REUTERS/Toby Melville/File Photo

Trade union Unite said last week that around 1,500 workers would begin an indefinite strike from July 8 over Tata’s plans to close two blast furnaces and cut up to 2,800 jobs.

The closures were announced in January as part of the Indian company’s plan to turn around its loss-making UK business by switching to lower carbon electric arc furnaces, a proposal backed by 500 million pounds ($632 million) of government money.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,002.26 0.05%
ethereum
Ethereum (ETH) $ 3,434.04 1.58%
tether
Tether (USDT) $ 0.998806 0.03%
xrp
XRP (XRP) $ 2.24 2.38%
bnb
BNB (BNB) $ 705.48 0.27%
solana
Solana (SOL) $ 194.08 2.48%
dogecoin
Dogecoin (DOGE) $ 0.324475 2.57%
usd-coin
USDC (USDC) $ 0.999201 0.11%
staked-ether
Lido Staked Ether (STETH) $ 3,429.46 1.54%
cardano
Cardano (ADA) $ 0.89057 3.68%
tron
TRON (TRX) $ 0.254315 1.07%
avalanche-2
Avalanche (AVAX) $ 39.04 5.21%
the-open-network
Toncoin (TON) $ 5.85 0.38%
chainlink
Chainlink (LINK) $ 23.56 5.41%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,078.60 1.53%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 3.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,035.27 0.37%
sui
Sui (SUI) $ 4.38 4.23%
hedera-hashgraph
Hedera (HBAR) $ 0.305399 1.72%
stellar
Stellar (XLM) $ 0.371175 4.45%
polkadot
Polkadot (DOT) $ 7.21 3.10%
weth
WETH (WETH) $ 3,434.35 1.60%
bitcoin-cash
Bitcoin Cash (BCH) $ 452.56 2.48%
hyperliquid
Hyperliquid (HYPE) $ 26.21 11.24%
bitget-token
Bitget Token (BGB) $ 6.31 17.33%
leo-token
LEO Token (LEO) $ 9.46 0.77%
litecoin
Litecoin (LTC) $ 106.56 1.74%
uniswap
Uniswap (UNI) $ 13.23 6.64%
pepe
Pepe (PEPE) $ 0.000018 5.61%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,623.67 1.54%
near
NEAR Protocol (NEAR) $ 5.25 5.42%
ethena-usde
Ethena USDe (USDE) $ 0.997516 0.09%
usds
USDS (USDS) $ 0.99839 0.20%
aave
Aave (AAVE) $ 349.48 7.31%
internet-computer
Internet Computer (ICP) $ 10.71 6.18%
aptos
Aptos (APT) $ 9.21 5.69%
crypto-com-chain
Cronos (CRO) $ 0.154334 4.08%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.497196 4.36%
mantle
Mantle (MNT) $ 1.20 2.64%
ethereum-classic
Ethereum Classic (ETC) $ 26.58 3.63%
vechain
VeChain (VET) $ 0.049297 5.75%
render-token
Render (RENDER) $ 7.30 5.82%
whitebit
WhiteBIT Coin (WBT) $ 24.71 0.41%
bittensor
Bittensor (TAO) $ 481.89 4.14%
monero
Monero (XMR) $ 192.41 1.67%
mantra-dao
MANTRA (OM) $ 3.69 2.25%
dai
Dai (DAI) $ 0.999427 0.07%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 4.71%
arbitrum
Arbitrum (ARB) $ 0.773449 4.38%
filecoin
Filecoin (FIL) $ 5.11 4.87%