Tata Steel To Close UK Blast Furnaces, Cut 2,800 Jobs

Tata Steel announced on January 26, 2024, that it would close its two blast furnaces in Britain by the end of this year, resulting in the loss of up to 2,800 jobs at its Port Talbot steelworks in Wales, as reported by Sarah Young and Farouq Suleiman for Reuters.

Tata Steel will initiate a consultation process as part of the restructuring and expressed its intention to maximize voluntary redundancies. I Photo: Tata Group

These closures are part of Tata Steel's plan to revamp its loss-making UK steelmaking business by transitioning to lower carbon electric arc furnaces, a proposal supported by £500 million ($634.10 million) of government funding.

Tata Steel stated that approximately 2,500 roles were likely to be eliminated in the next 18 months, affecting a total of 2,800 jobs.

The company will initiate a consultation process as part of the restructuring and expressed its intention to maximize voluntary redundancies. Tata Steel Chief Executive T V Narendran remarked, "The course we are proposing is difficult, but we believe it is the right one."

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