Indian-owned company blames the strong pound,fierce competition from China and tall energy costs for its recent round of UK redundancies Tata Steel is to cut as many as 250 jobs at Llanwern in south Wales, main to warnings that the future of the industry in Britain is under threat.
The Indian-owned company has told staff that it plans to scale down production in the face of fierce competition from China. It said none of its own permanent employees at Llanwern would lose their jobs and declined to say how many agency staff were at risk. Related: Tata Steel cuts 720 jobs blaming UK's 'cripplingly tall electricity costs' Continue reading...
Source: theguardian.com