Category Archives: Manufacturing sector

UK manufacturers to cut jobs ‘within weeks unless ministers can strike trade deal’

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Bosses from automative, manufacturing and energy warned MPs about effect of Trump tariffs

Britain’s manufacturers will start cutting jobs “within weeks” unless the government can strike a deal to safeguard the UK economy from Donald Trump’s trade war, industry leaders have told MPs.

Senior executives from the UK’s automotive, manufacturing and energy sectors warned a committee of MPs to expect job losses this summer if the US moves ahead with a swathe of global trade tariffs set out by Trump earlier this month.

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British Steel halts redundancy plans after government rescue

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Union welcomes announcement company is closing consultation on laying off up to 2,700 Scunthorpe workers

British Steel will not continue with a consultation on making up to 2,700 steelworkers at its Scunthorpe plant redundant, after the government took control of the firm earlier this month.

The Chinese company Jingye, which promised a “new chapter” when it bought British Steel in 2020, last month proposed closing Scunthorpe’s two blast furnaces, putting the roles under threat and ending Britain’s ability to produce steel from scratch.

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Boeing investors brace for fallout from Trump tariffs

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Jets intended for Chinese airline returned to US, raising fears for planemaker as results near

Investors in Boeing are braced to learn the full impact of Donald Trump’s trade war, amid fears the US planemaker could be hit harder than first expected after jets intended for a Chinese airline were returned to the US.

A Boeing 737 Max 8 plane intended for use by a Chinese airline returned to the US on Monday from Boeing’s China finishing centre, according to flight data cited by Reuters. It followed the arrival in the US on Sunday of another 737 Max painted in the livery of China’s Xiamen Airlines at Boeing’s US production hub in Seattle.

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British Steel to deploy emergency measures to save Scunthorpe furnaces

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Firm in race against time to get key materials as business secretary says no guarantee it will get what it needs

British Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time.

The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials such as iron ore and coking coal, potentially allowing it to avoid the temporary shutdown of one of the two furnaces.

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Ministers under pressure to nationalise British Steel if crisis talks fail

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Business select committee chair joins calls for Scunthorpe steelworks to be taken into public ownership

The government is under mounting pressure to nationalise British Steel if crunch talks aimed at a rescue deal fail, as the chair of the influential business and trade select committee added his voice to those calling for the Scunthorpe steelworks to be taken into public ownership.

Jingye, the Chinese owner of the company, and the UK government were not able to reach a deal on Thursday to supply the Scunthorpe plant with crucial raw materials, with talks expected to restart on Friday.

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Apple said to be flying iPhones from India to US to avoid Trump tariffs

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Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffs

Apple is reportedly chartering cargo flights to ferry iPhones from its Indian manufacturing plants to the US in an attempt to beat Donald Trump’s tariffs.

The tech company has flown 600 tonnes of iPhones, or as many as 1.5m handsets, to the US from India since March after ramping up production at its plants in the country, according to Reuters.

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Trump to reportedly cut grant for key US steel project in Vance’s home town

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Outcry as CNN reports president to stop funds for program that would have created jobs in Middletown, Ohio

Despite promises to bolster the US manufacturing industry, the Trump administration is reportedly planning to cut a key program that invests in some of the biggest manufacturing industries in the US, including in JD Vance’s home town of Middletown, Ohio.

Donald Trump is looking to slash a $500m grant from the Biden administration that was slated for Cleveland-Cliffs, a steel manufacturing giant in America’s rust belt, according to reporting from CNN. The grant was intended to help the company upgrade its ageing blast furnaces, so they would be powered by hydrogen, natural gas and electricity instead of coal, the dirtiest fossil fuel.

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Labour: changes to EV rules will have ‘negligible’ impact on UK emissions

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Transport secretary says overhaul in response to Trump tariffs supports car firms and climate goals

Labour’s changes to electric vehicle (EV) rules in response to Donald Trump’s tariffs will have a negligible impact on emissions, the transport secretary has said.

Keir Starmer has confirmed plans to boost manufacturers, including reinstating the 2030 ban on the sale of new petrol and diesel cars.

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Government will step in to support key industries amid tariff turmoil, says Starmer

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Carmakers will be given more flexibility over targets on transitioning to electric vehicles

Keir Starmer has said the government will step in to support key British industries, as business grapples with the economic turmoil unleashed by Donald Trump’s global tariffs.

As the government attempts to counter the impact of the White House hitting the UK with a 10% base levy on exports to the US, the prime minister will promise to help shelter vulnerable sectors and will implement key parts of the industrial strategy months early.

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Jaguar Land Rover pause US shipments to assess impact of Trump’s tariffs

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Carmaker says action will allow it to consider how to mitigate cost of 25% tariff on imports

Jaguar Land Rover (JLR) will pause shipments of its UK-made cars to the US for a month as it considers how to mitigate the cost of Donald Trump’s tariffs.

The 25% tariff imposed by the US on imported cars and light trucks took effect on 3 April.

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Japan-owned UK glass factory could shut if no buyer found, risking 250 jobs

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Closure of Nippon Electric Glass plant would put further pressure on Rachel Reeves’s industrial strategy

A glass factory in Wigan that produces fibreglass for electric cars and wind turbines faces closure and the loss of 250 jobs unless its Japanese owner can find a new partner or a buyer.

In the latest blow to Britain’s industrial base, Nippon Electric Glass (NEG) announced a “strategic review” of its composites business Electric Glass Fiber UK (EGF), which it expects to last approximately two months, putting about 250 jobs at risk.

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UK regulator fines 10 carmakers and two trade bodies over green ad collusion

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CMA found car firms chose not to compete when advertising what percentage of their vehicles could be recycled

Ten leading car manufacturers – plus two automotive trade bodies – have been fined more than £77m by a UK regulator after admitting breaking competition law in relation to advertising their green credentials.

The Competition and Markets Authority (CMA) launched an investigation after a tipoff from Mercedes-Benz, which allowed the German marque to avoid financial penalties despite also being involved in the cartel.

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UK steel industry calls for capped energy prices amid Trump trade war

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British steelmakers lobby for government to set limit to compete with France and Germany

The British steel industry has called for capped energy prices for heavy industry in order to match France and Germany, as companies grapple with the fallout from Donald Trump’s trade war.

UK Steel, a lobby group, has proposed the government set a maximum price for energy through a contract for difference (CfD), before an announcement of a new steel strategy.

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UK economy shrinks unexpectedly in blow to Rachel Reeves

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ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement

The UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves before the spring statement later this month.

In a surprise to City economists, who expected 0.1% growth in January, the Office for National Statistics data showed the services sector failed to offset a decline in the industrial sector and maintain growth from the previous month.

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Record orders at BAE Systems as European defence spending rises

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Weapons maker’s full-year pre-tax profits top £3bn and it expects sales of more than £30bn next year

Britain’s biggest weapons manufacturer, BAE Systems, has reported record orders as the European defence industry gears up for increased spending sparked by the Ukraine war.

The company, a member of the FTSE 100, said it expected sales next year to top £30bn, as it reported annual profits before interest and tax of more than £3bn for the first time in 2024.

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Caught in the middle: UK firms brace for fallout from Trump’s global trade war

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While UK may not be in direct line of fire, knock-on effects on global trade has British businesses worried

“We’re vulnerable at the moment,” says Fiona Conor, the managing director of Trust Electric Heating, a Leeds-based radiator manufacturer, who has been considering expanding into the US market.

After a predictably unpredictable start to Donald Trump’s second term as US president, Conor is worried her options could be limited, as businesses across the UK brace for a global trade war.

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Tesla takes EU to court over tariffs on EVs made in China

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Elon Musk’s company still imports large number of cars into Europe from its Shanghai factory

Tesla has filed a complaint against the European Commission after the imposition of tariffs by the bloc on its Chinese-made electric vehicles.

The EU announced its decision to impose tariffs on all imports of Chinese electric cars in June, alleging that the Chinese government had provided unfair state subsidies to manufacturers in order to win a dominant position in the emerging industry. EU leaders approved the tariffs in October.

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Countries call for binding targets to cut plastic production after talks fail

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Group of 85 countries and blocs press for ambition in plastic waste treaty after no agreement was reached in Busan

Binding global targets to cut plastic production must be at the centre of any continuing negotiations to secure the world’s first treaty to tackle plastic waste, a group of 85 countries has said.

Talks in Busan, South Korea, attempting to secure agreement between more than 200 countries on the details of a plastic pollution treaty ended in failure over the weekend.

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Global plastic production must be cut to curb pollution, study says

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Analysis lays bare huge challenge of mismanaged waste on eve of UN plastic treaty talks in Busan

Global plastic production must be reduced to tackle the immense challenge of plastic pollution, according to an analysis published on the eve of crucial talks to hammer out the world’s first legally binding treaty on plastic waste.

Mismanaged plastic waste, which leaches into the environment and can be harmful to health, will double to 121m tonnes by 2050 if limits are not placed on the production of plastic, according to Samuel Pottinger, the lead author of the research.

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Tory former energy secretary facing conflict of interest claim over JCB owner links

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Shadow cabinet secretary Claire Coutinho accepted donation from Lord Bamford while overseeing millions awarded to his family businesses in green grants

A Conservative former cabinet ­minister who took donations from the billionaire boss of the JCB digger dynasty – including a £7,000 trip on his VIP private helicopter – oversaw decisions to award his family’s business empire millions in taxpayer-funded green energy grants.

Claire Coutinho also posed for ­pictures promoting Lord Bamford’s personal £100m hydrogen engine project and accepted a £7,500 donation from JCB to her local election campaign while she was the energy secretary in Rishi Sunak’s government.

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