The new government will need to sign the 500 million pound ($635 million) support package the previous government agreed with Tata Steel to help build a lower-carbon electric arc furnace. Photo: Bloomberg
Britain’s new government is prioritising avoiding job losses in talks with Tata Steel over government backing for a transition to lower-carbon technologies, business minister Jonathan Reynolds said on Sunday.
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The new government will need to sign the 500 million pound ($635 million) support package the previous government agreed with Tata Steel to help build a lower-carbon electric arc furnace, but unions are hoping for an improved deal with Tata, which could prevent some job losses.
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“We see this as a major priority,” Reynolds told the BBC.
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“I’m going to make sure that job guarantees are part of the negotiation that we’re having.”
First Published: Jul 07 2024 | 3:27 PM IST