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Tata Steel confirms plans to cut jobs by closing Port Talbot blast furnaces
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- Опубліковано 18 січ 2024
- Tata Steel has confirmed plans to cut 2,800 jobs across the UK, by closing down both blast furnaces at its Port Talbot plant.
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The firm said the move was part of its transition to greener and more sustainable steel-making operations. Unions called the move an "absolute disgrace".
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Tata would be the last company to lay off people. If it is laying off people the situation must be really really bad.
We all know we are in this situation because the EU never took action on cheap Chinese steel dumping. Then after Brexit the expectation was that the UK will be able to stop China and revive the industry but it didn't!
Tata clearly didn't want to have to axe any jobs. It is not their general policy to have people lose their jobs.
Tata is run by a large moral compass with over 66% of their group shares being given to their charitable organisations and is considered the most trustworthy/reliable employer by many.
That used to be the problem, the new problem is we are applying net zero principles with the attempt at reducing costly carbon credits and the Chinese and others aren't. The bits they want to shut are the massive iron making end, including, materials handling, burden preparation, coke ovens, blast furnaces etc and just make steel from existing scrap by making and using new arc furnaces, to cut emmissions and carbon dioxide release. The trouble is, there will be no new virgin steel made, and the price of scrap will rise like a rocket, making the whole of steel making in entirety, untenable, madness !
who use the steel? EU, so when you leave EU that is using the steel, what happens? no more demand for steel! sometime when I read post like this, I just have to question if IQ has massively declined. brexit is a failure, when are people going to own up to this fact that the logic behind it is flawed.
It is about Indian Company in UK Soil. What is the correlation with China. Looks like any failure or bad thing happened in Western or Indian soil due of China. 😅😅😅
@@mujur9101
There is, not just in steel but it can affect probably every industry. Try reading news & economics sometimes. You sound quite ignorant & proud of yourself despite not knowing a thing.
@@mujur9101 It may be an Indian owned company but it is the British branch of the company that is affected. It's reducing it's UK staff to be more competitive in prices because cheap Chinese made steel still makes its way into the UK market despite measures put to keep the Chinese from doing this both in the EU and the UK. The cheap steel comes via other South East Asian countries! The UK government apparently cannot force companies to buy more expensive British made steel.
The politics in England are strange. Forcing TATA Steel into electric ovens and spending billions to drill oil and gas offshore.
What a waste
Electric arc furnaces while the cost of electricity in the UK is outrageous.
The same game all in the EU!
Exactly like Im Indian and EU is forcing EVs down your throat and this makes Tata Steel to switch to Lithium batteries.
And Remember Germany lost WW2 because they ran out of steel.
You guys are fucked up.
Like re join EU.
Brexit was a Mistake
While at the same time allowing the oil companies to pay virtually nothing in tax.
Good thing Rishi Sunak's wife will benefit from all the new drilling platforms due to having interests in the companies that will be involved.
I mean her tax bill alone should be enough to repair the collapsing school roofs...
Oh wait, that's right, she's non-dom status and doesn't pay a penny on her interests to the British treasury!
This should be a surprise. The Dutch branch of Tata has been pouring money to the English branch for years. But Tata India divided Tata Europe into 2 separate branches. Here in the Netherlands we are happy with the split.
Glad to hear that! Tata has been investing money from their Indian plant also to this uk plant.
The union at english branch has been toxic & not co-operative.
@@BlackHawkTejas
You don't mean... Dun-Dun-Derr!
That a union has attempted to do what it is meant to and argued against a reduction of pay and benefits, and even had the gall to represent the workers in order to get better pay and avoid job losses?
The utter nerve of those unions (!)
@@pauln6803 This is how UK lost it's Automobile and Motorcycle manufacturing industry in the 70s to rest of Europe. If the business does not make money and is too lossy, multinationals can just pack up and leave. Issues of both, the company and the workers matter. Strong unions eventually can also choke the company that feeds them.
Unions destroyed UK..kudos to them and labour @@pauln6803
@@pauln6803 but the union's demands were soo big that the workers have lost even the things they had earlier.
From a strategic point of view, not being able to produce steel is almost suicidal...
equally, giving over the production plants to foreign company, and heavily susidising this company to fire workers is insane. However Brits are not alone - France first gave their steel plants over to mittal, and now just promised billions in subsidies to plants in dunkirk.
Add it to food insecurity and energy insecurity, you'd be forgiven to think we have been purposefully weakened.
@@bigbarry8343 If you are to be believed, Brits have steel plants, while the French have steal plants. Are you British?
@@mrmeldrew693 What's the purpose, and who did it? Explain.
@@kurtgodel5236 no idea. Whoever is controlling our government(s).
Tata is so fair working in Tata is almost like a govt job So if they are firing people then things are really bad
I mean All of their UK subsidiaries are in loss
@@ChandranPrema123not jlr
@@ChandranPrema123 Not all, JLR is and has been doing really well under TATA leadership.
true story. a British officer ridiculed Tata saying he would chew the railway tracks made by tata steel. he tried to insult indian manufacturing capability back then. today we have this and indian railways is the largest employer in the world as a single entity. Karma
Not anymore, we are not the largest employer, there was time ,it is used to be 1million but modi gave early retirements and since 2019 no new recruits. Don't keep stating congress time data ,and embarrass us bharatiye,
😂😂❤❤ about now the BBC😂😂 writing documentary on Tata Steels how patriarchal it is and Hindu rashtra phobic days😂😂😂
@@drjagritisingh6569 nice joke lad ! And i like the toxic thinking ways of you congis guys no recruitment since 2019 lol what shameless lia/propaganda 😅 cope and seethe mate cry more!
Firstly, stop spamming....
@@madeyegaming77766 years no recruitment. Seats are vacant. They released notification this year but the seats are very less. The recruitment used to be conducted frequently before but now even with vacant seats, railways is recruiting very less people. Just watch the videos of the protesters.
I feel sorry for them. Both labour and tory lack a economic plan that is both realistic and can challenge their competitors. No company can continue losing £1m a day and continue years on end.
It doesn’t help if you destroy the light industry which uses steel. A service economy doesn’t use much steel.
Labour has no plan? How's that a problem? They are not in power.
@@johnrussell3961 i import metals from China, right now i am finalizing an order, u.k has kany issues. If you can't compete the factories go abroad.
@@johnrussell3961 They destroy themselves if they can't compete with global competitors. I import containers of metal products that the u.k cannot make.
@@allykhan8594its govts job to assist industries by any and all means necessary. Clearly they failed
Can't run a steel mill with outrageous energy prices.
And without access to the biggest single market in the world
Indian conglomerate of TATA works with a very different business strategy than we see usually in West . Major portion of their profit goes to charity . If they too axe jobs in UK 🇬🇧 ,them there's some issue with UK governance.
true.. Tata never layoff employees in India to make more profit.. it is like govt jobs
It is the so called democratic government exerting pressure
My friend used to work in tata retail industry those fuckers used forced them to work 12-13 hr a day and sometimes like 2 days continuously @@Deb_deCoder
Fun fact... Even in their IT service TCS, they don't fire forcebly until somebody violated company policies... They keep them in bench and keep paying salary 😂
Its the cheap chinese steel that needs to be banned.
Shame on policies of uk, even tata has to shut down😢, its loss for people.😓
Tata Steel invests 65million in hydrogen transition in the Netherlands with limited impact on jobs. Wales voted leave, now reap the benefit. In that the exchange rate went worse and Tata loses 1 million a day from Port Talbot bit of a no brained for them. Plus no export duty to EU manufacturing sector.
rubbish, I have worked around that steelworks for 30 years. It has NEVER made money under British Steel, Corus and TATA . There are huge stocks of Chinese coil steel at Newport docks. UK government put in £500 million recently
@@DOCTORDROTT I am just reporting the news in the Netherlands in that Tata keep their operation open and can still make high quality steel. The EU stops dumping of cheap steel into the market. In that UK has fumbled it (again) doesn't negate the current situation. Not my fault that you do not like it.
You don't have the scale in UK to produce cheap as China.Actually no country has,India combats thus with anti dumping duty-even then Chinese steel dominates the small industrial consumption.@@DOCTORDROTT
@@ss-99995China actually subsidies their steel Industry and using Vietnamese company for exporting it.
Hence the anti dumpling duty,again their scale is huge.You should have a deal with Australia on this,they make the steel,you make the end product.
This just reminded me the days when they were breaking the fingers of Indian weavers to destroy the textile industry. They completely de-industralized India.
Hey hey hey boi 😂😂😂
@@PHALANGE1931abb maza ayega na bhiru😁
handmade local mills =\= industrialisation. india was never industrialised in its history
@@junn805 Yeah cause the Brits knowingly didn't and sucked out all the Indian raw material to UK & USA. And after that stupid Indian politicians were heavily drunk in socialist, anti-capitalist and anti-industrial ideas so there you go another 60 years missed. Thankfully under Modi it is being sped up.
@@junn805 proto industrialization took place in bengal so get your facts right
And they say that UK is still giving aid to India...lol .
One Indian Company stops it's OPs they start crying in comments 😂
6k ke bache 😂
They give aid to Indian NGOs to carry out their propaganda.
that's BBC propaganda
They used to fund so called NGO's to run their propaganda but alcoholic west kids used to think their aid goes to The GoI for betterment of our people
They do give Aid but not to any Indian Institute or Govt but to their Western Propaganda NGOs who allways poke their nose in infrastructure projects by creating Fake narratives and filing Cases
This is totally in line with the British steel cycle. The fact that it shocks people is more shocking than anything else.
Net zero is priority... Will make people income net zero... And uk also trying to tax on products which does follow sustainable production which means more inflation in uk.. So I will say its pure madness..
@@Userandmad*Inflation, but yes true.
@@Tate525 as we speak entered recession... I am from the country whose gdp is between recession counties... ❓
Don't forget all the cottage industries set up around the steel works. I'm sure the true unemployment figures are much higher. When Germany shut down it's coal mines it provided those workers with other work. Neither the Tories, nor Labour are even considering this idea.
Sounds good 👍
What a stupid situation, indian steel plants are subsidising british steel workers.
This despite that we work for far less money. And above that the attitude of their union leader is just disturbing.
If it dosent make sense let government handle it, dont bog a profitable company into it a loss making one.
just for money china also does this
The UK is in a state of managed decline. None of this is accidental.
£200bn spent on Ukraine and counting.
My hometown, this will be devastating to Port Talbot
If your in Sandfields love, get out if you can. Sympathy from the Rhondda.
@@trashman1358 thankfully I left there a long time ago and live in the US now 😊
This is your hometown
@@Izzologyewww you look horrible
Channel 4 News should ask Tata why they're closing in the UK and not in the Netherlands, get the real reason behind their decision.
Well here's a brief one-liner summary.
TATA Steel (world's one of the biggest and the best steel manufacturers) was forced to spend $3.5 bn. (to achieve net zero carbon emissions target of EU/uk, by shutting down all the blast furnaces and bringing in Electric furnace) at a loss making plant in Britain (obviously Tata refused and demanded "at least" half of the burden to be bear by the govt., cuz it was their aspirations/target not company's) but Britain is crumbling nowadays they offered only $500mn.
TATA with a heavy disappointment accepted as both UK and Indian authorities were begging them not to sell the plant (china might buy).
So to achieve UK/EU target 🎯 they did this. As electrical furnaces require very few people.
Planning security and a much bigger market to sell - the UK was part of that market before brexit. Now it is a third state.
Well , they know answer , that's why they are trying to blame other instead of themselves
@@King_ofNightIndian authorities weren't begging for anything! It's all british doing & their crying.
Loss making entity, High labour cost, high raw material price, carbon tax and other bullshit.
Closing the plant will be the best option.
Talking to Union is like talking to a teenager. You say you are in loss and company will go bankrupt, the union will hear you and fight. 😂
I Hope tata starts opening more Steel mills and furnaces in India itself, instead of offshoring.
It wasn't offshoring, they just bought an old British mill in uk
Huh? They're already expanding the steel works in India, they purchased those plants in UK because of easy access to markets in UK and Europe, problem is CCP and it's dirty disgusting trade tactics
@@_UCS_SwapnilSahaiSrivastavwhich it’s offshoring, use your brain
@@ilviandante2040 well yea I guess, it technically is, but they didn't open new factory in Uk only acquired an old one in a cheap deal
@@_UCS_SwapnilSahaiSrivastav and it is called offshoring, smarty.
these are the same people who said to us cut russian oil import immediately, now they say we should slowing transition to green, there are 4 directions north south east hypocrites
You are russian agent! Shame on you! No more russian oil, gas and fertilisers for brave European countries! 😂
If Tata is leaving any place that's mean, a cycle of problems is coming, Indian state West Bengal rejected Tata in Past😢 it's bring a darkness to the state 🥺
Don't comment if you don't know
@@jetpark3743enlighten us
So true. People of West Bengal protested so much for whatever hypothetical reasons that many companies and factories had to leave West Bengal. And now West Bengal barely makes any profit.
@@jetpark3743and you know what mr?😂
He is on point.
What darkness?
Why is Tata even in Britain? The country is a sinking ship. They need to shift Jaguar Land Rover car manufacturing to India.
I guess this is what happens when you run out of the wealth gained from colonial loot.
Yes I also think at least open a subsidiary of jaguar and land rover in India the costs will reduce and profits will increase and the cars might replace other premium car brands in India . Also export.
Lol, Indian government and it's laws are still quite behind in being business friendly.
UK despite being much smaller and having lower population has a huge economy. It's only recent a nation like India crossed UK's economy in size.
If Indian government had proper laws then we would have crossed UK in the 60-70s itself.
Independence for Wales! Otherwise we will have to support them as well as Scotland.
I know the emotion
How proudly we feel when we make steel for our country
But cheap steel green transition destroyed
Tata lost billions on this steel for 15 years
They are company and they have to answer their investors
If you need any aid! Please feel free to ask us. ❤ from India
Hahaha
Really shows how weak anti dumping laws are when a company like Tata is forced into layoffs. In my entire life, I've never heard of a Tata employee being unhappy with their job because of how much trust they have in the organization. This really speaks volumes about the direness of the situation
When they let them go they will say tata now 👋🏼
I read 2 years ago about TATA still ordered by British government to replace with eco friendly but that was costly for The company they asked UK government for funding
Why interview politicians in Wales and London? The decisions have and will be made in Mumbai. No profit, no investment, no jobs. Its just business.
Wrong. The decision was made squarely in the UK, all the way back in 2016. No points for guessing what it was! As you sow... 🤷
Tata was making loss on this plant for lots of years. It's not like they are bringing jobs to india after cutting in uk
UK is moving away from Manufacturing and focussing only on Tech and Finance sector !!
God help us!
What tech sector? The UK only produces about 3% of its technology.... it's finance sector is on thin ice and it's trade sector got gutted by Brexit...
More like manufacturing is moving away from the UK.
The former is patently obvious. What is your evidence for the latter?
The trouble is that the banks are closing branches and putting people out of work.
What about the half a billion you were given by the taxpayers
Thanks... I guess...
That’s was taken in bonuses
Good. The Tata Group was long owed reparations by the British Government... Better late than never lol!
So long and thanks for all the fish!
Well here's a brief one-liner summary.
TATA Steel (world's one of the biggest and the best steel manufacturers) was forced to spend $3.5 bn. (to achieve net zero carbon emissions target of EU/uk, by shutting down all the blast furnaces and bringing in Electric furnace) at a loss making plant in Britain (obviously Tata refused and demanded "at least" half of the burden to be bear by the govt., cuz it was their aspirations/target not company's) but Britain is crumbling nowadays they offered only $500mn.
TATA with a heavy disappointment accepted as both UK and Indian authorities were begging them not to sell the plant (china might buy).
So to achieve UK/EU target 🎯 they did this. As electrical furnaces require very few people.
@@King_ofNight why are Indian authorities would be begging?? its British are crying and begging.
U need major infrastructure projects to require such huge amount of steel on a regular basis
Imposing tax on chinese steel
@@kaustubhraizada maybe UK should build aircraft carriers
@@neohengong4358they already built two without enough aircrafts and escort ships to support proper operations of even one.
But Net Zero!! And the answer to a plant that's closing is industrial action? Unions have lost the plot because they didn't smell the coffee when all jobs were shipped eastwards over the last few decades.
Isnt this a bit misleading, as a proposed arc furnace is being planned to be built? So temporary hiatus in steel making before the electric furnaces come online.
Arc furnaces don't make virgin iron.
@@gregorymalchuk272Exactly! People don't know this thing, they like to comment without researching.
They can only work with scrap steel etc. not create "new"
Industrialization was one of the greatest things to ever happened in Europe's history. It lifted millions of people out of poverty. Now, some people want to deindustrialize Europe in the name of climate change , which eventually going to push people back into poverty sadly. 😞
You'll own nothing and you'll be happy it's feudalism 2.0
its must be really bad situation in UK
Good to see the jobs going back to India, well done Tata this is a great day for india
you should blame NET ZERO
I think tata try to produce for u.k and e.u markets within the region for economic benefit. Unfortunately, they just don't have scale or demand.
@@kirannnnnn I don’t .
@@samcarena4702 TATA is closing blast furnace to electric Arc
Why??
@@allykhan8594 eu steal markets are owned by mittal. its insane.
I always thought that UK had already moved on to the services sector from the manufacturing one.
Just about every country with a massive service sector requires some degree of manufacturing
@@dalegribble7939 fair point.
Nice one @@sunmoon1234
@@sunmoon1234wow😂
@@sunmoon1234😂
Sorry why is Mr Sunak once again being filmed at a football stadium? Is that supposed to make this shambles more digestable? A footie fan? A man of the people? Asset stripping, public money dissapearing reminds you of the takeover of Rover and the Towers guys who wrecked a sound company left by BMW. It's happening again. We cannot run an industrial policy in this country.
hes a tospot
Sad to see a plant closing down not just the workers but the area will suffer too.
waiting for BBC's documentary to give this issue an angle of hindu nationalism
than tata will remove tatley from uk , and it will become a worldwide news
TATA s aren't even Hindus
Ratan tata is farzi not hindu 😂😂😂
@@leo-messi61 he was born in mumbai he speaks hindi and celebrates all hindu festivals i think this is enough for bbc to form a new propaganda
@@user-vk9kb2mz2c then sharukhan also celebrate hindu festival too, then what would they say about him??
We in the UK have to thank Tata. They have been doing us a favour for years
This is beginning
If not for TATAs that steel plant would have closed 10 years back..they were petitioning UK government for grants but not much from UK..
Nevermind, the workers can always use their EU freedom of movement to go work for the Dutch branch of TaTa…… oh wait they voted to lose their freedom of movement.
Wow
Why would the Dutch hire expensive Brits instead of cheap Syrians and Turks?
Let's hope the Welsh are treated better than the help given to Scunthorpe's steel workers.
As a person from the birthplace of the Tatas, Tatanagar/Jamshedpur and having seen Mr. TV Narendran throughout my childhood as a Chief Guest in my school related events, I can vouch that they're some of the best & humane people here in India. They were one of the first fews to provide everything which never existed in Private jobs in India, from pensions to stay rooms to retirement quarters and a humane life to it's workers. People here in Jamshedpur give exams called the Tata Apprentice to work in Tata Steel & affiliated companies.
UK instead of wasting billions on Ukraine war, support your Steel industry! Tata has been asking for aid but you prefer to prioritise war.
I thing people need to accept fact that UK is one of the most expensive countries, trying to make steel at competitive prize compare to other countries is impossible.
More Brexit benefits?
Grow up , please explain
You would be more credible if you could spell BENEFITS.
I would also ask you to explain what your pithy sarcasm really means, but you don’t know.
@@turbolevo8703 Thank you kind reader, edited just for you.
Happy brexit to UK.
The more capacity they close, the less we have to in EU.
Worked great with car industry already.
@@Beliefish
You have no idea what you’re talking about.
The Chinese are going to decimate the EU car industry and the Germans will feel the burn.
As an indian, It's funny to see how an indian brand is making the whole steel manufacturing sector of UK crumble.
I'm loving it😂😂😂
Jaise Jo taise r@ndi brits back to Elizabeth 's ch00t 😂
Tata steel in uk is ending coz uk govt is forcing them to shift to electric furnace without giving subsidies. There is also dumping of Chinese steel which govt hasnt stopped putting tata steel in uk in losses
Kind of a foolish take, tata is not making anything crumble, UK and its woke laws are they expect steel plants to have zero emissions, and expect companies to continue to operate a loss making plant and unions forcing to maintain the salaries and benefits meanwhile UK government does nothing to prevent the dumping of cheap chinese steel, its all the fault of british people and woke politics.
You are loving bcoz here in India also we have some bad elements and you are one of them, you are laughing on someone's job loss.. You are an evil
Whenever India sends a spacecraft these Brits always cry "mUh Aid mOnEy reeee"
😂😂
Instead of keeping the coal burning and wasting money that way.
The government should rather use that money to give employees a compensation directly.
It would be like 2 years salary for most.
They'll be willing to agree to the deal then.
At least the government and union is there to fight for workers. In California tech 200K plus folks were laid off without anyone saying anything. The CXOs continued to make their bonus uninterrupted though!
The uk government is the reason they fired 😂😂 what will they say .
Don't forget these UK workers were being subsidised by Indian and Dutch Steel workers for years despite earning much lesser wages(case of Indian workers). This UK plant was making losses while profits from India and Netherlands were being poured to keep this loss making UK plant alive for God knows why. Tata should prioritise wellbeing of Indian workers being an Indian company rather than employing ungrateful UK weirdos like the union leader seen on this video.
Fun fact tata is an Indian company the founder of the company kicked out from hotel for being indian now karma hit back 💀
One million pound a day......
This is simply yet another Brexit benefit.
explain
@@SilentWalker-if4nc Netherlands got new tata steel plant another 65mn investment in netherland
sad to see people loosing their jobs
losing
Well the only good thing is that at least the view from Swansea will be nicer. But in all honestly this is bad news for a lot of people.
And a lot of families!
Devastating news, the end of an era in my hometown.
There's no good news to come out of this, were still recovering from coal mine & open cast closures & now this
I actually quite like the view of it from Swansea
Nobody cares
Blame goes to UK Government 🇬🇧
I would presume that they will ask for voluntary redundancies first. A few years ago Doncaster Council wanted around 1,000 redundancies and well over 1,000 people applied for voluntary redundancy.
they can just use both electric arc and blast furnace. and slowly remove blast furnace. after all its a business it has to make money.
Lol.. government is forcing them to pay carbon tax with almost no subsidy
TATA Steel need fund for that. tata steel uk is currently losing 1million pound a day. profits from India and Netherlands were being poured to keep this loss making UK plant alive
How are we supposed to keep supplying Ukraine with this happening in our own country?
Your country buys weapons from British weapons systems manufacturers just like America has done since 1900. It doesn't make sense to just hand cash out without creating jobs.
They could buy steel from this factory and delay transition to green factories, but they likely stopped subsidizing it since China has slowed down and you're no longer in the EU.
Economist look at the overall employment situation and GDP. It could be horrible for the UK, but the US is growing even faster than china.
We have stopped making tanks. We won’t be supplying Ukraine .
@@Jackie-wn5hx The US is financing its growth on far more borrowing. The amount you pay to service the debt is increasing exponentially.
@@Andrew-rc3vh "Exponential growth" has a definition that you're not using right.
The debt service and interest isn't growing exponentially. If it were, interest rates would grow triggering a recession.
The sovereign debt is of the federal government that began you invited us to end WWII and rebuild Europe.
We have fifty states, hundreds of thousands of local government,
340 million people, who don't carry debt. One of the benefits of having a global empire and the international reserve currency is that we can get away with it.
China has debt higher than GDP, which extents to citizens and companies. That's why you don't hear projections of them becoming the largest economy this decade or for the foreseeable future.
Other than having the world's currency, the US has been able to get away with it because unlike the UK, Japan, and China we have millions of migrants to grow the population.
You can't be xenophobic and against free trade unless you want steel factories shut down and don't have a working age population to pay for pensioners.
@@Jackie-wn5hx To be clear, it is the percentage of GDP which it costs to service the debt is exponential, at least in the projections I have seen. In 20-30 years time it will look like a serious problem.
This worker can Fight for Ukraine. Uk pumping money in Ukraine war hope to get good salary there.
It’s imp to remember that TATA was the company that assured compensation by paying salaries for families of dead employees during COVID. So this was definitely a last resort
Tata just Brexit-ed...
Tata never cuts job ,if it’s no way out …. UK government should take immediate action soon that company can survive and stop dumping foreign steel ..
Heartbreaking, good luck PT
I’m saddened by this .. even though I’m not a british but I’m empathic towards the workers ..
a big reason that the british empire ruled over the world for centuries was because of their engineering capabilities and backbone of it was their steel factories 🏭.
It’s a good thing they are going green but don’t destroy the worker’s earning source
Why should an Indian company provide employment to white British?
@@Luladasilva217 private companies don't work on nushnalism but profit. Nushnalism is Inferior to green card anyday.
Eu should ban on dumping chinese steel
Tata steel is in loss in UK ,Then what can they do...
Things have to change eventually. It's tough for the boys, but you can't just continue to "keep jobs" whilst still causing pollution, and losing a million pound a day. There are other jobs out there, might not be as good as the steel works, but it's time to get on Indeed for those lads.
There’s such a thing as strategic importance, you know. If we are attacked by adversaries, the manufacturing sector is necessary to produce for defence. An adversarial country who wants to destroy you doesn’t care about green credentials lol.
What a stupid, weaselly comment! Producing steel and all other manufactured goods in China etc results in MORE pollution. The industry is only losing money because of insane energy costs in Europe compared to elsewhere. Governments should sort out energy costs before anything else. And more important than either is that without manufacturing, the country is essentially defenceless. You think China will sell us steel to make armaments to fend them off with?
You just prefer even more pollution from the steel in your consumer goods being made in India and China.
Net zero + green jobs = enjoy oxygen
Net zero = more money spent = companies leave for a better place = lost jobs
Uk has millions if not billions to give Ukraine but not invest that money to help their own people first 🤷🏻♂️
When Tata has to layoff people,that indicates about the country 's serious upcoming or already happening reccession and lack of government support.😢
There is no more reputable brand than TATA in the whole of India. If they are cutting jobs just know the government has failed to cub cheap Chinese steel in UK . With recession in China and all that cheap steel, someone is going to earn billions at the expense of those job lost
It was inevitable.
Privatisation.... thank you tory government ...and what about the mines in Whitehaven and Workington?
Nationalise everything then - see how far that takes you.
HS2 needed lots of steel. Now it doesn’t. You dint fill potholes with steel.
Don't blame China, blame the Brexit and the Climate protestors
Net zero always meant net zero profits. No company can survive that. All the best to UK govt and its people for supporting net zero and living in a fairytale LaLa land of neverland. I believe Brits are axing their petrol cars next.
India's energy smuggling mentally helped to india but in UK it is not possible because UK takings energy from expensive so in India only production
New beginning for UK in 21st Century 🏁🏳️🏁
Beginning to dust 😂
Isn't Tata an Indian company?
😂😂 Indians and Chinese own England now😂😂….The colonised have taken over the kingdom
Yes
Iranian ... tata is iranian
@@Karlmarx-r9d no, indian
@@noufalali7142 origin iranian... he is persian
Is england a colony of Baharat now??!!😂😂😂😂😂😂😂😂
Yes 😂😂😂😂😂
India is 2nd largest international job creator in UK.
India is also the second biggest fdi in uk @@userre85
Not good not good people need these jobs in the UK to put food on table and provide for each family
Surely the future is in making special high alloy steels. There is plenty of money to be made there. No reason for the UK to continue making plain old pig iron and carbon steel.
Apart from relying on china or India.
You need virgin steel to make high quality alloy steels. The UK is about to lose it's only way of producing virgin steel.
If TATA is laying off something must be real bad they don't let go worker easily
lost of 80k jobs is huge for UK
Imagine how pleased the jobless will be knowing their plight will be saving the world.
Now we definetely know, exit from EU was a very bad decision.
Does Britain have a comparative advantage in steel production works?
One should always do a feasibility study and then invest in a large-scale capital-intensive manufacturing project.
Also, it's time to re-read the Ricardian theory of specialisation in trade theory and economics.
It's not about a competitive advantage, it's about sustainability when events like the Red Sea blockade strikes... the notion of seamless supply chains and 'just in time' manufacturing have been show to be extremely volatile.
As importer it only added 14 days more around the cape and $250/container. Commercially, there is no sense of a steel plant in u.k. since brexit u.k has dropped from producing 1.55m vehicles a year to 750k. Export to europe has generally dropped and many barriers such comformity is causing problems.
P.s Tata have made a series of major mistakes, it is time for it to quite Europe before Tata group sinks into the abyss.
@@allykhan8594their Dutch business is doing fine
Its infosys move, to pinch TATA.
What tata steel is in UK
Corus Group plc sell their plant to tata in 2010 now this plant know as tata steel Europe, an branch company of Tata Steel, india
Why are they even making steel in Europe? Make steel in countries that has iron ore .
Brexit means Brexit and I am sure they can take up the jobs left behind by EU citizens. 😂😂😂😂😂😂
Another Brexit benefit....