9,031.82 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.51 USD USD USD
36.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.50 TRY Interest Interest
72.97 USD Fossil Oil Fossil Oil
31.21 USD Silver Silver
31.21 USD Copper Copper
99.42 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,945.15 TRY Gold (gr) Gold (gr)

Tata Steel workers prepare for indefinite strike

Tata Steel, one of the UK's leading steel producers, is facing a major strike by workers over redundancy plans.

Tata Steel workers prepare for indefinite strike

Union Unite has announced that around 1,500 Tata Steel workers will go on indefinite strike next month in response to the company's plans to make thousands redundant. This is the first major steel strike in the UK in 40 years.

Unite General Secretary Sharon Graham said the workers were fighting for the future of their communities and the survival of the steel industry in Wales. "Workers are not only fighting for their livelihoods, but also for the future of the steel industry in Wales," said Graham. Unite emphasised that they will not give up the strike unless Tata Steel puts an end to these redundancy plans.

Tata Steel's plans to close both blast furnaces at Port Talbot by the end of September and lay off around 2,800 workers has mobilised workers and unions. The strike will begin on 8 July at the Tata Llanwern plant in Port Talbot and Newport. The company warned that it would accelerate closure plans if the strike affected operational safety and stability.

Tata Steel has called on Unite to suspend their action and return to the negotiating table. The company also warned that proposed severance packages could be cancelled if workers go on strike. "In the event of a strike, the proposed financial packages will not be paid," Tata Steel CEO Rajesh Nair said.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

A new era begins in the Indian steel sector

Thursday, November 21, 2024

China's HRC, CRC and rebar production decreased y-o-y in October

Thursday, November 21, 2024

HRC prices decline from China to Middle East

Thursday, November 21, 2024

EU construction decreased in september

Thursday, November 21, 2024

Iranian analyst Keyvan Jafari Tehrani shared the effects of world politics on the steel industry

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now