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

August 29, 2024
in Business
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Tata Steel: Over 2,000 workers apply for voluntary redundancy
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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.”

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