Category: Steel
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Labour Appeals to Tata Steel to Postpone Port Talbot Closure Amid Strike Threat
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Labour politicians are calling on Tata Steel to refrain from making irreversible decisions before next week’s general election. The Indian company recently announced that it plans to accelerate the closure of blast furnaces at its Port Talbot plant due to an impending industrial strike. Tata Steel, Britain’s largest steelmaker, has…
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Tata Steel Workers to Strike for First Time in 40 Years Over Job Cuts
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In a historic move, about 1,500 Tata Steel workers will begin an indefinite strike next month in response to the company’s plans to cut thousands of jobs. This will be the first strike by UK steelworkers in more than 40 years, according to the trade union Unite. The strike, scheduled…
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Nippon Steel is putting off its $14.1bn takeover of U.S. Steel by 3 months
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Nippon Steel said on Friday it has postponed the expected closing of its $14.1 billion takeover of US Steel by three months after the US Department of Justice requested more documents related to the deal. The deal, which has already been approved by US Steel shareholders, is still expected to…