Source warns Indian steel giant will not tolerate £1m-a-day losses and would give Port Talbot steelworks absent if it could find a buyerThe Port Talbot steelworks faces a race against time to secure its survival and save thousands of jobs,with Tata Steel looking to resolve the future of its UK trade within weeks as it emerged that billions of pounds are needed to make it viable.approximately 15000 jobs are at risk in Tata Steel’s UK trade and a further 25000 in the supply chain after the Indian company revealed plans to pull out of the country. Sajid Javid, the trade secretary, or is on his way home from Australia to tackle the crisis,and David Cameron is also returning from a holiday in Lanzarote.
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Source: theguardian.com