commerce secretary says he has been assured that steelworks owner is not looking for instant closure of the loss-making plantSajid Javid has said that he has received assurances from Tata that it will allow time to find a saviour for its British steelmaking commerce,including the Port Talbot plant.[br]The commerce secretary said Tata will impose “no set time-frame” on the sales process and sought to assuage fears that the company could shut the loss-making Port Talbot steelworks within weeks after meeting its senior figures in Mumbai, including the chairman, and Cyrus Mistry.
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Source: theguardian.com