ALBAWABA - Tata Steel, the Indian global steel manufacturer and owner of Port Talbot, has rejected a trade union deal amongst a recently announced 4-year-long plan to switch to a more environmentally-friendly approach, rendering the company unable to afford the majority of the 4,000 workers it currently employs, which the company informed the union about.
The steel works company explained that the Wales factory is running at a loss, causing the decision to halt the fire of their blasting furnaces, and transition to electric arc furnaces that turn recycled scrap into steel in a much environmentally and financially favored process.
Worker welding steel plates (Shutterstock)
The expectations of these layoffs have set debate around the community of the coastal city, of which 12 percent of its population make-up the workforce of the company. Expressing concerns over their families’ welfare and future.
Trade Unions presented alternate plans to the corporation on Thursday in an effort to preserve jobs, but according to Sky News insiders, Tata rejected their proposal due to estimated daily losses of £1 million. Leading expectations of Unions to consult with representatives of the employees at risk.
The single other blast furnaces factory in the UK, at Scunthorpe, is likewise scheduled to close, making the UK the only G20 country unable to produce steel utilizing raw materials, as part of a comparable, possibly protracted switchover to electric arc furnaces.
