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Tata Steel axes UK jobs as industry forges green future
Tata Steel axes UK jobs as industry forges green future
by  AFP

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry struggles to finance greener production of the metal. Tata Steel had threatened to shut the plant unless it received state aid to help decarbonise production and cut emissions, while the job cuts followed talks with unions aimed at protecting employment.

Tata Steel says to cut up to 2,800 UK jobs
Tata Steel says to cut up to 2,800 UK jobs
by  AFP

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal. Tata Steel employs about 8,000 staff in the UK. Towards the end of last year, the UK government provided £500 million ($634 million) to fund the production of "greener" steel at the country's biggest steelworks, while saying that 3,000 jobs were still at risk.

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