Labour Government Wants Commitments on Tata Steel Jobs
The new British government is demanding that Tata Steel provide guarantees to keep jobs at a major steel plant in Wales. This is a condition for the support that the Labour Party wants to offer Tata Steel in making the complex in Port Talbot more sustainable.
“I’m going to make sure that job guarantees are part of our negotiations,” new Trade and Enterprise Secretary Jonathan Reynolds told the BBC. “It’s not about covering up for loss-making companies like we might have done industrial policy in the past. It’s about being a partner for investment in the future.”
Tata Steel plans to cut around 2,800 jobs at its Port Talbot steelworks. The Indian parent company plans to close blast furnaces and replace them with less polluting electrical steelmaking facilities, requiring fewer wor...