Tata Steel on Friday said it will shut down its two blast furnaces at the Port Talbot plant in South Wales in the UK, resulting in 2,800 job losses, as part of its effort to make its operations greener.
The steelmaker will commence statutory consultation on the proposed restructuring plan and support arrangements for affected employees, Tata Steel said in a statement.
“This plan is intended to reverse more than a decade of losses and transition from the legacy blast furnaces to a more sustainable, green steel business.
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