Menu
01/07/2014
Tata Steel To Axe 400 Jobs
Tata Steel has confirmed plans to cut 400 jobs at its plant in Port Talbot.
The firm said it was restructuring to improve the competitiveness of the business.
The company said in statement the job losses would reduce costs and enable it to compete in an era of lower market demand.
Mr Koehler said: "Steel demand and prices are likely to be under pressure for some years. 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.
"These proposed changes then are vital if we are to build a competitive future for our strip products business in the UK."
(CVS/CD)
The firm said it was restructuring to improve the competitiveness of the business.
The company said in statement the job losses would reduce costs and enable it to compete in an era of lower market demand.
Mr Koehler said: "Steel demand and prices are likely to be under pressure for some years. 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.
"These proposed changes then are vital if we are to build a competitive future for our strip products business in the UK."
(CVS/CD)
Related UK National News Stories
Click here for the latest headlines.
23 November 2012
Tata Steel Cut 900 Jobs Nationwide
900 jobs are to be axed by Tata Steel across the UK, almost 600 of which will be at plants in Wales. It is understood most of the Welsh losses will be management and administrative posts in Port Talbot and Llanwern near Newport. 155 jobs in Yorkshire will go, alongside 120 in the West Midlands and 30 on Teesside.
Tata Steel Cut 900 Jobs Nationwide
900 jobs are to be axed by Tata Steel across the UK, almost 600 of which will be at plants in Wales. It is understood most of the Welsh losses will be management and administrative posts in Port Talbot and Llanwern near Newport. 155 jobs in Yorkshire will go, alongside 120 in the West Midlands and 30 on Teesside.
23 February 2011
Welcome For EU Review Of Support For Small Businesses
The UK Government, alongside other European member states including Belgium and Italy, today welcomed publication of the European Commission’s Small Business Act Review.
Welcome For EU Review Of Support For Small Businesses
The UK Government, alongside other European member states including Belgium and Italy, today welcomed publication of the European Commission’s Small Business Act Review.
17 January 2011
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
25 June 2015
Goodyear To Close Only UK Plant
More than 300 jobs are to be lost with the closure of Goodyear's only UK manufacturing plant in Wolverhampton. The US tyre company has announced that it is to move its UK operations to Europe and the Middle East in an effort to "strengthen its competitiveness in the face of a challenging business environment".
Goodyear To Close Only UK Plant
More than 300 jobs are to be lost with the closure of Goodyear's only UK manufacturing plant in Wolverhampton. The US tyre company has announced that it is to move its UK operations to Europe and the Middle East in an effort to "strengthen its competitiveness in the face of a challenging business environment".
06 May 2003
Thousands of UK jobs could go warns CBI
The CBI has warned that 86,000 manufacturing jobs could be on the line in the first half of the year as a renewed downturn has hits confidence and orders in every UK region.
Thousands of UK jobs could go warns CBI
The CBI has warned that 86,000 manufacturing jobs could be on the line in the first half of the year as a renewed downturn has hits confidence and orders in every UK region.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
