Firm close to securing £500m to help decarbonise Port Talbot steelworks – but move could lead to thousands of job losses
Union leaders have expressed anger at being shut out of discussions between the UK government and Tata Steel that could lead to thousands of job losses at two of Britain’s four remaining blast furnaces.
Tata, the Indian conglomerate that owns the Port Talbot steelworks in south Wales, is in talks with ministers over state aid worth between £500m and £600m to help switch the site’s two coal-powered blast furnaces to electric arc versions that can run on zero-carbon electricity.
