Port Talbot to Cut Thousands of Jobs as Tata Shuts Down Blast Furnaces
The Tata Steel plant beyond residential houses in Port Talbot, UK.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Tata Steel is set to announce the shutting of blast furnaces at its UK operations alongside thousands of job cuts.
The Indian steelmaker will reveal a final decision on the Port Talbot site in Wales on Wednesday, according to people familiar with the matter. The company reached a deal earlier this year with the UK government for £500 million ($607 million) in funding to install an electric arc furnace at the site.