INSUBCONTINENT EXCLUSIVE:
Tata Steel | (Photo: Shutterstock)3 min read Last Updated Sep 11 2024 | 5:46 PM IST
Britain has secured improved terms for 2,500 steel
workers set to lose their jobs, the government said on Wednesday, as it recommitted to a 500 million pound ($654 million) investment to help
saying there would be better terms for those made redundant at the Port Talbot site as well as a commitment from India's Tata to consider
about 2,500 job losses likely in the next year as a result of a 2023 government-backed plan to shut the blast furnaces and build an electric
would publish a strategy for Britain's steel sector next Spring, with the aim of boosting an industry that has been in decline for
government planned to invest 2.5 billion pounds in the steel industry, on top of the 500 million pounds for Tata
to close its blast furnaces - it will shut its second one some time this month - it said it had been losing 1 million pounds a day,
cut Britain's carbon emissions by 1.5 per cent as Port Talbot's coal-fired plant is the country's biggest single carbon
staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Sep 11 2024 | 5:46 PMIST
