Fears for jobs as government gives Port Talbot steelworks a £500m support package
Video Credit: ODN - Duration: 02:28s - Published
Fears for jobs as government gives Port Talbot steelworks a £500m support package
Thousands of workers could be made redundant after the government announces a £500m support package for Britain's largest steelworks in south Wales.
The funding will allow Port Talbot's plant to replace its pollutant blast furnaces with greener electric arc ones after the company warned last year that it would have to close its UK operations unless it received backing to move to less carbon-intensive methods.
But given the more efficient furnaces require less workers to run them, around 3,000 people are now thought to be at risk of losing their jobs.
Report by Brooksl.
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The United Kingdom and Tata Steel have announced a joint investment package worth 1.25 billion pounds. On Friday, the UK and Tata Steel made the announcement of the deal which will include a government..
Business Secretary Kemi Badenoch announced a £500 million support package for Tata Steel, emphasising its role in preserving skilled jobs in Wales. Badenoch described the proposal as historic,..
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