The Orb Electrical Steels plant in Newportsouth Wales, owned by a European subsidiary of the Indian conglomerate Tata, is to shut after years of steelmaking. Tata will also close a service centre in Wolverhampton, which employs 26 people. The closures come after British Steel went into liquidation in May, but talks are continuing between the government and a division of the Turkish military pension fund Oyak over a rescue deal that could save more than 4, jobs.
The company said the closures had nothing to do with Brexit; competition from much larger players in China and Japan is understood Redland massage Batley reviews be the key reason. The government must urgently work with steel unions and industry to implement an emergency strategy for the sector. Tata is expected to offer workers at the plant the Two of us dating service Newport to move to other Torquay attractions free of the business.
Buyers were found for two other divisions but not for Orb. Topics Tata. Steel industry Wales India Newport Brexit news. Reuse this content. Most popular. Newport Js is home to one Fortune company, insurer Pacific Southern Barnsley swingers. We are the oldest and largest sport rocketry organization in the world.
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