Tata Steel will cut 1,050 more UK jobs, with most of the redundancies to be in Port Talbot, the UK’s biggest steelworks, the BBC reported
Tata Steel is Europe’s second largest steel producer, with steelmaking in the UK and Netherlands, and manufacturing plants across Europe. The company supplies products and services to the most demanding markets, including construction, automotive, packaging, rail, lifting & excavating, energy & power and aerospace. The job cut will reflect on various business sectors.
Port Talbot, which currently employs 4,000 workers, is the biggest steel plant in Britain in terms of workforce and output, but is understood to be losing £1m a day.
The cuts could be confirmed as soon as Monday morning, the BBC understands.
A government spokesman said: “While this remains unconfirmed by the company, these reports are concerning and we are monitoring the situation closely.
“The government continues to engage closely with Tata on how we can help during this difficult period for the sector.”