400 jobs to go at Tata's Port Talbot steelworks
Tata Steel has confirmed that 400 jobs are to go at its Port Talbot steelworks.
Tata: Port Talbot job cuts 'will improve competitiveness'
Tata Steel says the 400 job losses at its Port Talbot site will "improve the competitiveness" of its steelmaking business in South Wales.
It cited pressure of prices as the result of a "lower market demand era" in Europe
"Steel demand and prices are likely to be under pressure for some years" said Tata's European Chief Executive Karl Koehler.
"Our business rates in the UK are much higher than other EU countries’ and our UK energy costs will remain uncompetitive until new mitigation measures come into effect".
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