An announcement is due after a board meeting of steel giant Tata in India.
The board of steel giant Tata is meeting in India and is expected to make an announcement about the future of the Port Talbot site in South Wales later on Wednesday.The Government will give up to £500 million and Tata will spend hundreds of millions of pounds in a development aimed at securing the future of the plant.
A Tata Steel spokesman said: “We hope to start formal consultation with our employee representatives shortly. In these discussions we will share more details about our proposals to transition to a decarbonised future for Tata Steel UK. “We are committed to meaningful information and consultation process with our trade union partners about these proposals and will carefully consider any proposals put forward.”
“We will never accept Tata and the Government’s plan to close down our iron and steelmaking facilities and supply our mills with foreign steel for however many years it takes for them to build an electric arc furnace .
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