Elon's Vision
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Tata Steel Workers to Strike for First Time in 40 Years Over Job Cuts

by
June 22, 2024
in Investing
0
Tata Steel Workers to Strike for First Time in 40 Years Over Job Cuts
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

In a historic move, approximately 1,500 Tata Steel workers will commence an indefinite strike next month in response to the company’s plans to cut thousands of jobs.

This will be the first strike action by UK steel workers in over 40 years, according to the trade union Unite.

The strike, set to begin on 8 July, will affect Tata Steel’s operations at the Port Talbot and Llanwern sites in Wales. This action follows Tata Steel’s announcement that it will close both blast furnaces in Port Talbot by the end of September, resulting in the loss of about 2,800 jobs.

Company and Union Responses

Tata Steel has warned that if the strike jeopardises the safety or stability of its operations, it may be forced to expedite the closure plans. The company is currently operating at a loss of £1 million per day due to the operational instability of its steelmaking apparatus.

Sharon Graham, Unite’s general secretary, stated that the workers are fighting not just for their jobs but for the future of their communities and the steel industry in Wales. She emphasised that the strikes will persist until Tata halts its “disastrous plans.”

In contrast, two other trade unions, Community and GMB, have decided to delay any industrial action until after the upcoming general election. Alun Davies, national officer for steel at Community, noted that any decision to strike would be made by their members, who represent the majority of workers affected by Tata’s plans.

Tata Steel’s Position

Tata Steel has urged Unite to suspend the strike action and return to negotiations alongside other unions. The company has also warned that it may retract the enhanced redundancy packages offered if the strike proceeds. Rajesh Nair, Tata Steel’s chief executive, stated that the “most favourable financial package” the company has ever offered would not be available if workers participated in industrial action.

The company plans to invest £1.25 billion in building an electric arc furnace, a more environmentally friendly steel production method that requires fewer workers. The UK government is contributing £500 million towards this project. Tata Steel believes this move will secure the future of steelmaking at the site.

The planned strike represents a significant moment for the UK steel industry, highlighting the ongoing tensions between workforce preservation and technological advancement in manufacturing. The outcome of this industrial action will likely have lasting implications for both Tata Steel’s operations and the broader steel community in Wales.

Read more:
Tata Steel Workers to Strike for First Time in 40 Years Over Job Cuts

Previous Post

Formula 1’s Selective Morality: The Flavio Briatore Paradox

Next Post

Why Consumer Sentiment Fell To A Seven-Month Low

Next Post

Why Consumer Sentiment Fell To A Seven-Month Low

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

Microsoft Planner vs Trello: Which Project Management Tool is Better?

May 24, 2023
Nicole Kidman Joins Paycom Webinar and Podcast to Talk Leadership, Tech and Work-Life Balance 

Nicole Kidman Joins Paycom Webinar and Podcast to Talk Leadership, Tech and Work-Life Balance 

January 31, 2025

An update on the National Nature Assessment

April 23, 2025
A Good Idea in Trump’s “Great Healthcare Plan”: Put More Drugs Over the Counter

A Good Idea in Trump’s “Great Healthcare Plan”: Put More Drugs Over the Counter

0

0

0

0
A Good Idea in Trump’s “Great Healthcare Plan”: Put More Drugs Over the Counter

A Good Idea in Trump’s “Great Healthcare Plan”: Put More Drugs Over the Counter

January 15, 2026

BIXOLON Unveils State-of-the-Art Lottery and Gaming Printers at ICE Barcelona 2026

January 15, 2026
The Trans Athlete Question Requires Subsidiarity. The Trump Administration Just Did the Opposite.

The Trans Athlete Question Requires Subsidiarity. The Trump Administration Just Did the Opposite.

January 15, 2026
Hamburger’s Beef: State Aid Programs

Hamburger’s Beef: State Aid Programs

January 15, 2026

Recent News

A Good Idea in Trump’s “Great Healthcare Plan”: Put More Drugs Over the Counter

A Good Idea in Trump’s “Great Healthcare Plan”: Put More Drugs Over the Counter

January 15, 2026

BIXOLON Unveils State-of-the-Art Lottery and Gaming Printers at ICE Barcelona 2026

January 15, 2026
The Trans Athlete Question Requires Subsidiarity. The Trump Administration Just Did the Opposite.

The Trans Athlete Question Requires Subsidiarity. The Trump Administration Just Did the Opposite.

January 15, 2026
Hamburger’s Beef: State Aid Programs

Hamburger’s Beef: State Aid Programs

January 15, 2026

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.