Port Talbot’s steelworks will be given up to £500m by the UK government in a bid to keep the plant open and produce steel in a greener way, but it could see thousands lose their jobs.
Tata Steel will add £700m of its own as it invests in cutting emissions. It had asked ministers to provide a bigger chunk of the cost.
But the package could mean as many as 3,000 job losses across the UK.
But the package could mean as many as 3,000 job losses across the UK.
The steelworks features two blast furnaces working around the clock to produce steel used in everything from tin cans to cars.
But it is also one of the UK’s largest polluters.
The UK government has agreed to fund the installation of new electric arc furnaces for steelmaking.
The £1.25bn furnaces are expected to be up and running within three years of getting regulatory and planning approvals.
Port Talbot’s steelworks will be given up to £500m by the UK government in a bid to keep the plant open and produce steel in a greener way, but it could see thousands lose their jobs.
But the package could mean as many as 3,000 job losses across the UK.
Tata Steel will add £700m of its own as it invests in cutting emissions. It had asked ministers to provide a bigger chunk of the cost.
The steelworks features two blast furnaces working around the clock to produce steel used in everything from tin cans to cars.
But the package could mean as many as 3,000 job losses across the UK.
But the package could mean as many as 3,000 job losses across the UK.
The steelworks features two blast furnaces working around the clock to produce steel used in everything from tin cans to cars.
But it is also one of the UK’s largest polluters.
The UK government has agreed to fund the installation of new electric arc furnaces for steelmaking.
The £1.25bn furnaces are expected to be up and running within three years of getting regulatory and planning approvals.
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