If people don’t want to listen, they find out the hard way – Financial Times, 8 March 2012: Tata Steel, one of Britain’s largest electricity users, says UK green policies are putting it at such a disadvantage to its rivals in Europe that its future operations are likely to be affected.
Steel giant Tata to cut 900 UK jobs
Tata is cutting 900 jobs and closing 12 sites under plans to improve competitiveness, the company has announced.
Most of the job losses will be in South Wales, including 500 at the Port Talbot plant, under restructuring of management and administrative posts.
A total of 580 jobs will be cut in Wales, 155 in Yorkshire, 120 in the West Midlands and 30 on Teesside.
Sites to close include Tafarnaubach and Cross Keys in South Wales, while shift levels at the company’s Rotherham and Hartlepool plants will be reduced to match production to lower demand for bar products and pipelines.
A Welsh Government spokesman said: “This is very disappointing news, and a massive blow to those who will be losing their jobs.
“The Welsh Government has a very strong relationship with the company and officials will now work with Tata to establish a task force and identify what support we can provide for those affected.
“Tata’s decision reflects the serious and ongoing challenges faced by manufacturing industries during these very difficult economic times. In addition to these challenges, it is clear that high energy costs and uncertainty over UK Government energy policy are having a significant impact on business investment decisions. As a Government, we have warned for some time of the need for these costs to be reduced.