UK's Labour government in talks with Tata Steel for job guarantees in return for £2.7bn investment in steel industry.
The UK's new Labour government is in talks with Tata Steel, prioritising job guarantees in return for state support for the industry. Tata Steel plans to cut 2,800 jobs as part of its strategy to shut down ageing blast furnaces at Port Talbot, Wales. The Labour government has pledged to match the Conservative government's £500m investment for the electric arc furnace and provide an additional £2.5bn for steelmaking.
July 07, 2024
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