Expressing concern about policy differences between the UK government and the Opposition on the transformation plan at Port Talbot in Wales, Tata Steel said on Tuesday that it would continue with the announced closure of the heavy-end assets and the restructuring programme in the coming months.
The statement follows UK media reports on the Labour Party urging the company to press the pause button on the restructuring process until next month's general elections in the country.
Shadow business secretary Jonathan Reynolds called on Port Talbot on Monday and is said to have met the Tata Steel management and trade unions.
Ahead of the visit, Reynolds posted on X: "In Wales today to make clear that we can do better than the Tories' botched deal for Port Talbot steel. Labour's Green Prosperity Plan will bring good jobs to every part of the country and getting the transition to green steel right is a key part of that."
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Denne historien er fra June 12, 2024-utgaven av Business Standard.
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