Under this restructuring exercise, up to 2,800 employees are expected to be potentially affected, out of which, 2,500 roles will be impacted in the next 18 months. The remaining 300 roles could be impacted in three years, which includes the potential consolidation and rationalisation of the cold rolling assets in Llanwern, once the required investments at Port Talbot are completed, Tata Steel said in an exchange filing.
Tata Steel has proposed to commit over 130 Million as a support package for the affected employees. This 130 Million will be in addition to the 100 Million funding for the transition board set …
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