£13.5m to help firms hit by Tata steel job losses

Quick Summary:

First cash from fund for workers and firms affected by Port Talbot restructuring plans released.

Tata closed one of its two blast furnaces on the site last month and plans to shut the second in September, as it moves to greener production and cuts thousands of jobs.

But Mr Davies stressed the union would "continue to oppose the company's damaging proposals"."It remains our firm belief that no compulsory redundancies are necessary, and that an alternative approach is still possible," he said.

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Category: Business

Markets: United KingdomOman

Topics: Support Jobs Talbot Welsh £13 Port Workers Steel Government Tata

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 21:31:31 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 721 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 22084578

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