BusinessPostCorner.com
No Result
View All Result
Tuesday, June 17, 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

The Senate’s stablecoin legislation is moving just as fast as crypto itself, but it doesn’t address the elephant in the room: Trump’s conflicts of interest

The Senate’s stablecoin legislation is moving just as fast as crypto itself, but it doesn’t address the elephant in the room: Trump’s conflicts of interest

June 17, 2025
Hong Kong Customs Teams with HKU to Trace Crypto Transactions

Hong Kong Customs Teams with HKU to Trace Crypto Transactions

June 13, 2025
Air India flight to London crashes in Ahmedabad

Air India flight to London crashes in Ahmedabad

June 12, 2025
Gold overtakes euro as global reserve asset, ECB says

Gold overtakes euro as global reserve asset, ECB says

June 11, 2025
In the blogs: Breathing room

In the blogs: Breathing room

June 17, 2025
Kemi Badenoch calls for end to windfall tax on oil and gas companies

Kemi Badenoch calls for end to windfall tax on oil and gas companies

June 13, 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

XRP Price Prediction: Canada Approves First Spot XRP ETF – ,000 XRP Coming?

XRP Price Prediction: Canada Approves First Spot XRP ETF – $1,000 XRP Coming?

June 17, 2025
Amazon boss says AI will replace jobs at tech giant

Amazon boss says AI will replace jobs at tech giant

June 17, 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!