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Port Talbot management 'in steelworks takeover bid'

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.

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Community Union 'encouraged' by government willingness to co-invest

Steel unions have said that they are 'encouraged' by the UK Government announcement that they are ready to 'co-invest' with any potential new owner of Tata Steelworks.

Credit: PA

We are encouraged by the fact the government has confirmed it is not ruling out any options to secure the future of the UK steel industry. In particular, the suggestion that the government could co-invest with new owners in the interests of the long-term future of steel making in the UK helps to send the right signal to potential investors and to Tata Steel’s customers that the government is determined to maintain the integrity and continuity of the business. Mr Javid should bring forward further details of what ‘co-investment’ would look like and share his plans with the unions so we can ensure that the best interests of steelworkers are upheld. There are still many steps to be taken and yet again we call on the government to match the rhetoric of its ministers with action and to continue to work with the Community to save our steel.

– Roy Rickhuss, General Secretary of Community Union

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