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In a strategic move to reshape its UK operations, Tata Steel is set to initiate a significant overhaul of its Port Talbot works. The plan aims to reverse a decade of losses, transitioning from traditional blast furnaces to a sustainable, green steel model. This transformative effort not only safeguards existing capabilities but also slashes CO2 emissions by 5 million tonnes annually.
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Following extensive talks with the UK Steel Committee, Tata Steel embraces elements of their endorsed proposal but deems continued blast furnace production unfeasible. The company plans to commence statutory consultation on the restructuring, potentially impacting 2,800 employees, with a commitment to voluntary redundancies and a £130 million support package.
Port Talbot's phased closure of high-emission blast furnaces is part of the wider restructuring. The proposal includes a £1.25 billion investment in Electric Arc Furnace technology, backed by a £500 million commitment from the UK Government. Despite opposition from the GMB and Community unions, Tata Steel aims to secure long-term, high-quality production, signaling a new era for the UK’s largest steelmaker.
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