BusinessPostCorner.com
No Result
View All Result
Friday, July 17, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Tata Steel: Over 2,000 workers apply for voluntary redundancy

August 29, 2024
in Business
Reading Time: 2 mins read
A A
0
Tata Steel: Over 2,000 workers apply for voluntary redundancy
ShareShareShareShareShare

Workers expect the second of two blast furnaces in Port Talbot to be switched off on 28 September, which will end the production of steel from iron ore in south Wales.

Tata plans to build a £1.25bn electric arc furnace, which produces steel by melting scrap metal.

The UK government is expected to reach a final agreement with Tata Steel over £500m in funding for its electric arc furnace at the beginning of September.

Labour also committed a further £2.5bn towards the future of steelmaking in the UK, and unions have called on the government to commit some of that funding to other investments in south Wales.

Adding a plate mill or similar technology to the Port Talbot operation, which could produce steel plate for floating offshore wind turbines, is under discussion.

The Tata Steel spokesperson said the company continued to “work closely with the UK government to finalise discussions” around its investment in steelmaking.

They said the existing commitment to end blast furnace production and invest in greener technology “would reduce our carbon emissions by at least five million tonnes a year and support UK steel sovereignty.”

They added: “We are also working hard with our trades union colleagues to conclude a memorandum of understanding on a range of issues regarding the restructuring of the UK business and our transition to green steel. We hope that our Trades Union partners will be putting this to their members shortly.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Telegram boss Pavel Durov banned from leaving France in criminal probe

Next Post

Home Office criticised for billions of asylum overspending

Next Post
Home Office criticised for billions of asylum overspending

Home Office criticised for billions of asylum overspending

Disney bet big on one of its most popular franchises. The live-action remake failed to make a splash

Disney bet big on one of its most popular franchises. The live-action remake failed to make a splash

July 12, 2026
Why the 2026 IPO boom is about to broaden beyond AI mega-deals

Why the 2026 IPO boom is about to broaden beyond AI mega-deals

July 11, 2026
CRM data migration: A practical process overview

CRM data migration: A practical process overview

July 16, 2026
Why IBM suffered its worst stock crash of all time—and what it says about the market’s ‘dual bubble’

Why IBM suffered its worst stock crash of all time—and what it says about the market’s ‘dual bubble’

July 15, 2026
Oil prices jump as US and Iran step up tit-for-tat strikes

Oil prices jump as US and Iran step up tit-for-tat strikes

July 12, 2026
Edgefield AI accounting training now available to public

Edgefield AI accounting training now available to public

July 14, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Current price of oil as of July 17, 2026

Current price of oil as of July 17, 2026

July 17, 2026
Cardano Short Squeeze Risk Builds as Van Rossem News Builds

Cardano Short Squeeze Risk Builds as Van Rossem News Builds

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!