Tata Steel: Thousands of workers at Britain's biggest steelworks to lose jobs despite £500m subsidy

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Thousands of workers being made redundant at Britain's biggest steelworks will receive at least £20,000 under government intervention to reduce the fallout from the closure of its blast furnaces.
Labour, which had expressed hope in opposition to reduce the number of redundancies, confirmed its intervention in government had failed to secure a rethink on the company's plans.
The last blast furnace currently used to produce steel is being closed and an electric arc furnace, which requires less labour, will be built to replace it.
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Опубликовано:

18 сен 2024

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Комментарии : 161

@rajarshisarkar999 День назад

The Steel Plant has been a Loss making Venture for Tata and people are angry that Tata wants to give up? I think people are confusing about Loss = Profit in Finance. Then again, it's Britain.

@Dr.Kraig_Ren 6 часов назад

Brexit was a good example of why people who know nothing about the economy be allowed to take Economic decisions

@Bhairavvvv 3 дня назад

This channel missed an important point that this plant did not generate revenue for 14 years, so its the worst deal in Tatas history

@tashanmann05 День назад

Tata is doing brilliantly in India because like China and Russia,India's labour costs are very low.The subsidies given by these countries to big businesses are huge as compared to European markets.Keir Starmer is more interested in backing Chinese companies,but with Chinese companies their engineers and labour force will be brought from China to make the business more profitable.

@americiumamericium4442 5 дней назад

UK is finished 😅

@Bevrinton 7 дней назад

TATA are not stupid , Labour are in government so it’s Bye Bye

@najan443 3 дня назад

Makes sense

@JamieWilliamsJamminJamie 7 дней назад

Why do they keep on saying we are gonna lose up to 3000 jobs it's a lot more then that, it's close to 12000 jobs between TATA workers and contractors and that's not even mentioning people who work in the surrounding areas and any supply chain that feeds in to the steelworks

@oceanwave4502 6 дней назад

Deindustrialization in Europe is a real possibility. 😮

@johnbuie9195 5 дней назад

Similar numbers to the people that lost jobs in Ravenscraig. Which was done by the British government back in the 90s

@badbad-cat 3 дня назад

@@oceanwave4502 affordable Russian energy was a necessity after all

@GuzzarAwan 3 дня назад

It's due to Technology change . Industry don't have enuf Jobs today. Most works r automatic

@ahmedalsharman 7 дней назад

Steel is very cheap internationally , and the UK can't compete with China & Russia on prices as energy cost in China & Russia is fraction of what cost in UK.

@kopner5672 6 дней назад

The wages in China and Russia are much lower than the UK.

@ratanjeetsingh4600 4 дня назад

Ok......

@badbad-cat 3 дня назад

@@kopner5672 not just that. Factory needs a lot of energy. shutting out affordable Russian energy didn't help Europe. Like steel industry, Volkswagen is another casualty

@GuzzarAwan 3 дня назад

Also Wages

@ancietman 7 дней назад

Starmer never said a word when this was announced & nearly 3000 would lose their jobs. The Labour of years ago would have kicked off big time at TATA & the government. I expect Starmer was celebrating a win for net zero. I was made redundant years ago that £20K pay off won't last long unless they can find other jobs quick.

@flabe 7 дней назад

Realest.

@stephengalley9305 6 дней назад

Unfortunately , that’s life I’ve been made redundant 5 times now 63 years old , hardly any redundancy pay , , Norman tebbit quote get on your bike .and look for work elsewhere 👍

@propertysolutions4773 5 дней назад

By the way a electric arc furnace is only GREEN if the electricity is produced from renewable sources-your UK plant is probably going to use Gas to produce electricity & in Jamshedpur-India by 2028 the Tata Group is well on it's way to using Hydrogen so the upcoming Electric Arc Furnace will be OBSOLETE by 2035 or 2037 anyway

@ElliottSpencer-hn9qg 7 дней назад

TATA to your job from TATA steel.

@cheeseongho5494 2 дня назад

😂😂😂😂

@trsfc1595 7 дней назад

The £500 million is a Golden Handshake from the Labour Party for making 3000 workers unemployed

@Excellence___1 День назад

👍but what about govt given 6 billion 💷 bill for changing blast furnace to electricity one

@jayeshvairagi2906 День назад

Its not probelm with TATA , its labour government problem ..

@spatrompete2601 7 дней назад

Why are this job kicking are always end of the year near Christmas time

@propertysolutions4773 5 дней назад

Because Christmas is NO LONGER a universal holiday-Diwali & Muslim Idd are the Universal Holidays & Universal Religion's *now*

@wrightvcx2249 3 дня назад

Because it brings good luck to the employers.

@MusehanaH 3 дня назад

The difference between China state subsidies and US, EU and UK states subsidies is China makes it work 🤷‍♀️

@NoWindNoSunNoPower 7 дней назад

Greenies will be delighted.

@stequality 7 дней назад

Unfortunately the public are in full support of this, even voted for it

@nicb5557 6 дней назад

20% did vote 80% didn't vote It's everyone's fault

@abelgeorge5728 6 дней назад

United Kingdom is witnessing Deindustrialsation, this will negatively affect the Economy of UK 🥴🥴👎👎👎

@aemansky8113 7 дней назад

No moneyfor pensioner for winter fuel but for foreign company yes

@RebekkaHay 7 дней назад

They need to give the £500 Million back!

@bsuperkind7779 7 дней назад

All the government has to do was give them military contracts - Sub, Navy Ships - instead they gave it to french companies! would have created more British jobs!--- no company would want to lose money!

@sportszone9159 6 дней назад

😂😂😂, if that's happened that money goes to Ukraine

@AprezaRenaldy 6 дней назад

All mo money to Ukraina

@kopner5672 6 дней назад

@@AprezaRenaldy Ukraine receives weapons, not money.

@kopner5672 6 дней назад

@@sportszone9159 Ukraine receives weapons not money.

@prakashholla7331 3 дня назад

Mr X loves European art n culture. He could have made a fortune buying Euro paintings n statues Instead he bought a UK steel co. A UK car company. A French soda ash company. An Euro luxury hotel shares. And everyone of these ventures has lost money Then he buys costly shares in an Indon. coal miner which got nationalized. After 10 years he got 10% of the invst back He started a micro car division in his group car company which bombed He is still revered as an icon. Hats off

@FHi349 3 дня назад

Mr. Ratan TATA is GOD of Indians. Don't stop worshiping this god

@TheBooban 2 дня назад

@@FHi349corruption only works in India.

@namansawhney9013 2 дня назад

Also this steel plant failed to generate any profits from past 14 years a detail which this report very conveniently forgets the plant is simply not competitive enough but still the Tatas decided to keep pushing it until 14 years to see if the government can help don't know if any other business would do the same

@TheBooban 2 дня назад

@@namansawhney9013 if it was profitable, they wouldn’t have allowed the sale to Tata. Tata should have been faster to modernize it, but wanted government to do it. I’m surprised the UK govt. didn’t fall for it. But I still don’t think the UK will allow it to go under. If the UK government has to pay for modernization, it should be nationalized.

@namansawhney9013 2 дня назад

@@TheBooban when tata took over the steel this was not mentioned that the company has to move to lower carbon blast furnaces this is a recent request due to policy change for which the government is liable and for which the subsidy they have provided is extremely low

@Britain4775 7 дней назад

The Centre for Migration Control put the cost to taxpayers of record levels of migrant worklessness at as much as £8.5 billion a year. Tory let in 3 million migration since 2021. now we need to house them somewhere and giving jobs, NHS.

@asmirann3636 4 дня назад

8.5 billion pounds per year are peanuts compared to hundreds of billions of pounds per year which UK steals from Africa.

@froggy_days 7 дней назад

Adam, Eve and Steve

@Godisgreat786Godis 6 дней назад

BRITHIEF 🇬🇧

@skyabhinav1 4 дня назад

Bring those jobs here

@krishnendunayek2060 7 дней назад

Tujhe sudhaarne ka Peeda Uthaaya hai Humne.

@ShinkuRosetta 7 дней назад

Well done labour 😂

@Celticsamuraiblue 7 дней назад

Joke FINISHED UNION 👎🏻🇬🇧 🏴󠁧󠁢󠁳󠁣󠁴󠁿☮️🇪🇺

@vickykrish95 3 дня назад

Manufacturing needs cheap labour, especially those that are not cutting edge.

@user-ug8wx5er1w 7 дней назад

😂 these big multinationals always do one over in governments. Literally within a day of getting our free money.

@CuriousEngineer 10 часов назад

British companies do the same with other nation ...it's nothing personal but business. Tata is making giga factory in UK mention that tol

@grandaddyoe1434 7 дней назад

Car dealers in the area will be increasing inventories in greedy anticipation of a bonanza, betting shops and pubs will be ready for increased business too . . .

@aemansky8113 3 часа назад

£500 Millon in Tata pokets while pensioners are strugling fir fuel bills

@santostv. 6 дней назад

Subsidies really worked with your auto industry

@SoniKumari-ho7lf День назад

That is not how subsidy works

@McQueenPaul 6 дней назад

Why is it that the new plans for the area are coming long after the closures have happened. The powers that be have known this was coming from a long time ago so they should have planned a better transition than just turning Port Talbot into a Benefits town.

@CO-OPNEWS-wn9us День назад

No ones going to be able to offord the coffee

@wrightvcx2249 3 дня назад

But isn't this what environmentalists and left wants to happen? At least they are happy.

@aman_s47 День назад

People and govt need to be sensible, it's not an NGO. Or curb the taxes to allow tata to earn atleast a pound from UK.

@infohound41 2 дня назад

They know the cost of everything and the value of nothing.

@stievboyo636 7 дней назад

India rubbing there hands

@ShubhamMishra-bu1eq 4 дня назад

Yeah and that plant does not generate single penny in profit for last 14 years it's worst deal in tata history

@asinh1100 4 дня назад

Russia china and Korea have half the cost of steel.. subsidized electricity fuel and half labour costs

@nomade3269 4 дня назад

payback time !

@Malecchavinashak 3 дня назад

Karma is hitting back to the Anglo-Saxon people 😂😂

@onidoremc9490 2 дня назад

@Malecchvinashak most workers are from Asia Africa

@SIRLEE 2 дня назад

Isn’t Tata an Indian company? 😮😮🎉

@valiantheart8891 День назад

Yes

@chrisspencer6502 7 дней назад

What a surprise we handed a foreign company a hand out and they still shipped the jobs overseas

@iaf010 6 дней назад

They didn't ship the jobs, they axed the jobs. Uk is no longer a profitable place to do business meanwhile Ireland has been getting foreign investment for decades.

@propertysolutions4773 5 дней назад

UK with its Steel Capacity is way behind the avg cost of steel production in most Asian countries (China,India, Japan, Korea) -probably only USA has a higher production cost. Was not a English scientist who said in Evolution theory that life is about the *Survival of the Fittest*

@surfspark 3 дня назад

Because the handout is very less for the loss they enduring in billions each year.british are not fool to lend free money.

@surfspark 3 дня назад

Because the handout is very less for the loss they enduring in billions each year.british are not fool to lend free money.

@kaustubhraizada День назад

They are in loss for 14 years@@surfspark

@thecitizen87935 День назад

All iron and steel earth metal based job will go down in europe

@henryomarm 4 часа назад

ahh yes the trickle down economy at work

@DavidJohnson-dc8lu 7 дней назад

30 pieces of silver!

@watgaz518 2 дня назад

Our British industries are falling like skittles due to foreign management at the helm. This is a strategy by them and will see the UK industry workforce dwindle further if government does not pull its finger out by intervening and halting this travesty.

@95Dap8 7 дней назад

No pain, no gain! There’s reason for to days struggle.

@DoronL73 6 дней назад

With all the defense spending and world arms race I expected the steel business to do very good

@ShubhamMishra-bu1eq 4 дня назад

It should be but all contracts goes to french when British themselves don't buy their steel

@kaustubhraizada День назад

China is oversupply steel even Indians are facing heat😊

@iggy5347 2 дня назад

Uber jobs still available

@bubblegum7489 7 часов назад

Lmao the colomized giving jobs to the colonizer 💀

@juamu1132 2 дня назад

lol. when for indian companies always prepare to get laid off.

@mosquesintamilnadu557 6 дней назад

Worker salary more

@anyarbach 23 часа назад

Failed empire keep falling

@herp_derpingson День назад

Cheap steel from china to blame

@GopalSingh-gf4vm 2 дня назад

All thanks to Chinese steel 😂

@bojanhorvat5012 6 дней назад

Brexit is dead 😢

@human_man000 6 дней назад

Power of India 2024 💪💪💪

@sidy6526 4 часа назад

Bhak chapri

@John-e5g4d 6 дней назад

Brexit means brexit

@shaqisumari304 6 дней назад

Sell it to Chinese

@Arunkumarram-i2d 3 дня назад

It's indian 😂 company

@philipcheng1618 День назад

lol tata brit'sh steel! 🤣

@Ttr216 7 дней назад

They tarttarting the uk. India company. There only 100 job theres

@TheDon905 7 дней назад

Good

@sameerkushawaha8768 6 дней назад

outcome of Brexit and Ukraine war

@briangriffiths1285 7 дней назад

Surely the choice is EAF or no steel. The EAF will be far more efficient; turning all the scrap we have in the UK and coming from all those rigs that get decommissioned in the North Sea. It will boost productivity which is what our economy needs. As for those made redundant, there are thousands of jobs calling for guys and gals to rebuild the Grid and install wind turbines, the country needs 50,000 heat pump installers. Go grab those jobs. I left my home town at the age of 20 and moved for jobs 4 times in my working life.

@robertcalleja2348 6 дней назад

Bullshit

@Actor_bad24IK 7 дней назад

This is what Gautam Adani wants to do in Kenya

@Selinnaguz 7 дней назад

What is he trying to do?? I'm confused

@propertysolutions4773 5 дней назад

Adani is a fool who uses Indian investor money to *waste on Kenya* & other such countries whose prospects are WORSE than a snowballs chance in hell

@srikarreddy5714 2 дня назад

lol chinese bot.

@lad_sahaaab2678 День назад

Chinese bot😂

@sourjyoroy3393 2 дня назад

As an Indian I feel a company coming from far away land to trade and then exploiting local resources and people, using connections in the ruling class to extract undue benefits, essentially damaging the local economy and then bailing on the people once venture becomes unprofitable is wrong. I cannot think of any British company doing such a thing. Spare a thought for the people and the local towns. Those places would take a long time to recover. I mean what is next? Man-made famines in order to build up buffer stocks in some random country like Greece?

@navbasnet День назад

Noice 😂😂😂

@xevicxavier9802 7 дней назад

Symbol of the collapse of tata.

@ssark9187 3 дня назад

In your dreams.

@ssark9187 3 дня назад

In your dreams.

@yourend3177 2 дня назад

True!!

@xevicxavier9802 2 дня назад

@@yourend3177 Correct

@lad_sahaaab2678 День назад

Tata is Too big to fail, their other companies in other countries are doing well

@akshayganesh4144 4 дня назад

Don’t understand why government is giving subsidy to private companies in the time uncertain economic environment. Government must stay as much as away from private industries. This is allow more fair competition among the emerging startups. They must allow big companies to fail if they are failing. (Sharma, 2024)