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The spectre of possible job losses is stalking Britains biggest steelworkers today, as the UK government and Tata Steel close in on an agreement to secure the future of the site.
The Port Talbot steelworks in south Wales is home to two of Britains four remaining blast furnaces, employing around 4,000 workers.
After months of talks, the government and the Indian-owned company are thought to be close to announcing an aid package to help Port Talbot transition to produce greener steel, possibly as soon as today.
That could include a 500m aid package from the UK, with Tata providing around 700m, to switch the plants two coal-fir…
Read the full article at: https://www.theguardian.com/business/live/2023/sep/15/job-cut-fears-from-port-talbot-state-aid-deal-business-live