Clouds over Tata Steel UK plant after merger collapse
The future of Tata Steel’s main European operations, based in the UK, faced fresh uncertainty Friday after German industrial conglomerate Thyssenkrupp scrapped merger plans with the Indian giant.
A deal was seen as positive for Tata’s Port Talbot plant in Wales that employs more than 4,000 staff but following Friday’s news, the head of a union representing British steelworkers was quick to express concern.
“Sadly, this may mean yet another period of uncertainty for steelworkers and their families,” said Community general secretary Roy Rickhuss.
Commenting on the merger collapse, Tata Steel said in a statement that it “would explore all options” but “remains committed” to creating “a sustainable portfolio in Europe”.
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