Category: Talbot
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Labour finalising £500m rescue for Tata Steel’s Port Talbot plant
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The UK government is close to completing a £500m bailout for Tata Steel’s Port Talbot plant, after its blast furnaces were shut. The financing agreement, initially developed under the previous government, aims to help Tata Steel shift to a more environmentally friendly production method by building an electric arc furnace…
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Tata Steel workers and suppliers receive £13.5 million in emergency funding amid Port Talbot restructuring
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The UK government has announced £13.5m of emergency funding to support supply chain companies and workers affected by Tata Steel’s restructuring plans at its Port Talbot site in South Wales. The funding represents the first allocation from a transitional board set up to manage the impact of Tata’s switch from…
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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…