Indian steel producer
Tata Steel has announced that it will cut 900 jobs in line with restructuring proposals to improve the competitiveness of its
UK operations.
The company is planning to make changes at a number of steel finishing and processing sites in the
UK that will improve its product and service offering for customers. These changes will concentrate services at six distribution and processing hubs which will benefit from £22 million of new investment and new employment, but will also lead to the closure of 12 sites, including Tafarnaubach and Cross Keys in South Wales.
The proposed changes are expected to lead to a net loss of 900 jobs in the
UK, including 580 in South Wales, 155 in Yorkshire, 120 in the West Midlands and 30 in Teesside.
Tata Steel also announced that it will restart the blast furnace No. 4, one of two blast furnaces in Port Talbot, South Wales, which is being rebuilt as part of a £250 million investment program, in the first quarter of 2013. It will also lead to the restarting of the hot strip mill at the company's Llanwern site in Newport, South Wales.