There are reports of a potential management buyout of the steelworks in Port Talbot. It's understood Stuart Wilkie, Managing Director of Tata Strip Products UK, is heading up a buying team alongside other staff members.
Today's news of job cuts at Tata Steel is part of a much bigger story of a global crisis for the steel industry.
Nicola Hendy explains what's happening and where things have gone wrong.
Business Secretary Sajid Javid described today's crisis talks in Brussels as "constructive".
Minister hints at use of more UK-produced steel in defence projects to aid industry.
Executive Chairman of Liberty House, Sanjeev Gupta, has said he is not "married" to buying Tata's steel business and could still walk away.