BusinessPostCorner.com
No Result
View All Result
Wednesday, July 16, 2025
  • 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

5 best CRMs for automotive businesses in 2025

5 best CRMs for automotive businesses in 2025

July 14, 2025
After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

July 13, 2025
US government to invest in MP Materials’ rare earths production

US government to invest in MP Materials’ rare earths production

July 10, 2025
Keir Starmer and Emmanuel Macron to sign migrant returns deal

Keir Starmer and Emmanuel Macron to sign migrant returns deal

July 10, 2025
Manufacturers ready for more demand

Manufacturers ready for more demand

July 14, 2025
Inflation complicates next month’s rate decision

Inflation complicates next month’s rate decision

July 16, 2025
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

Elliptic Report Finds Cross-Chain Crime Up 200 – Here’s Where Hackers Hide Now

Elliptic Report Finds Cross-Chain Crime Up 200 – Here’s Where Hackers Hide Now

July 16, 2025
Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell

Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell

July 16, 2025

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!