Tata, described as ‘a truly uncommon leader’, credited with transforming Tata Group into a global conglomerate
The Indian business tycoon and former Tata Group chairman Ratan Tata has died, aged 86.
Tata, who had headed India’s largest conglomerate for over 20 years, had been receiving intensive care at Mumbai hospital, according to Reuters.
Additional reporting by Reuters
Continue reading...PM responds to comments by Reform activists, who were filmed by Channel 4 reporter while canvassing in Clacton
Here’s the latest in the Guardian’s series on The broken years: Tory Britain 2010-24:
Unless the polls are wildly inaccurate, the Conservative party is heading towards a catastrophic defeat in the coming election.
Continue reading...New furnaces will be powered by electricity from 2027 but up to 2,800 workers will be made redundant
Tata Steel has reached a deal with the UK’s electricity grid to start supplying the energy for new furnaces in south Wales from 2027, as the company moves ahead with its plan despite union opposition.
The agreement with the National Grid’s electricity supply operator (ESO), the company that controls how energy is moved around Great Britain, will provide hundreds of millions of megawatts of power to a new electric arc furnace at the steelworks in Port Talbot.
Continue reading...Indian conglomerate says gigafactory in Bridgwater will bring about 4,000 jobs to region
The Indian conglomerate Tata has confirmed Bridgwater in Somerset as the site of its new £4bn battery factory, which will bring about 4,000 jobs to the region.
Tata’s battery business, Agratas, said it had bought land at the Gravity Smart campus off the M5, just outside the town.
Continue reading...Proposal to suspend safeguarding measures on certain products follows news of Tata’s Port Talbot closure plans
The government’s anti-dumping body has recommended that measures limiting the import of certain steel products be lifted after the decision to close the blast furnaces at Port Talbot.
The Trade Remedies Authority, which is charged with protecting UK industry from dumped or subsidised imports, said its preliminary view was to advise the business secretary, Kemi Badenoch, to suspend safeguarding measures on imports of hot-rolled flat and coil steel for a temporary period of nine months.
Continue reading...Owner says shutting Welsh blast furnaces will cut emissions, but it is opening a new one in India
The owner of the Port Talbot steelworks has been accused of “gross hypocrisy” as it prepares to open a new blast furnace in India, while citing a cut in carbon emissions for its decision to close two blast furnaces in south Wales, costing thousands of jobs.
Tata announced last week that up to 2,800 jobs would be cut under plans to close Port Talbot’s two huge blast furnaces and replace them with an electric arc furnace.
Continue reading...Union representatives protest over ‘crushing blow’ to workers and industry, with 3,000 jobs at risk
The owners of the Port Talbot steelworks are expected to confirm the shutdown of its blast furnaces on Friday morning, putting almost 3,000 jobs at risk.
Trade union representatives have gathered outside the gates of the works in south Wales to protest against the decision, which members have said will be a “crushing blow” to workers and UK steelmaking.
Continue reading...Firm rejects union plan, leaving UK on course to become only major economy unable to make steel from scratch
The owners of Port Talbot steelworks have rejected a trade union plan designed to keep its blast furnaces running, putting nearly 3,000 jobs at risk and leaving the UK on course to become the only major economy unable to make steel from scratch.
In what one union said would be a “crushing blow” to workers and UK steelmaking, Port Talbot’s parent company, the Indian-owned Tata Steel, told workers’ representatives that it could no longer afford to continue production at the loss-making plant in south Wales while it completed a four-year transition plan to greener production.
Continue reading...Unions say move could force Tata’s automative steel factory at Llanwern to close, costing 600 jobs
Large parts of the Port Talbot steelworks will be closed or mothballed for years, and would leave the plant and its few remaining workers reliant on imported steel, according to proposals under consideration by the owner, Tata Steel.
Tata Steel has briefed union representatives on the proposals but has yet to announce a final decision. Workers, who marched through the town in protest on Saturday, were left in limbo two weeks ago after the company’s board in India decided to pull an announcement about its plans for the plant at the last moment.
Continue reading...Tata Steel board thought to be meeting in India and decision over blast furnaces expected about noon
Tata Steel is expected to confirm as many as 3,000 job losses at its steelworks in Port Talbot on Wednesday, in what would be a devastating blow to the south Wales economy.
The board of Tata Steel is thought to be meeting in India, where it is headquartered, to make a final decision.
Continue reading...Prime minister Narendra Modi calls 54-year-old’s death ‘a big loss’ as politicians and business leaders express shock after accident near Mumbai
Cyrus Mistry, an Indian-born Irish businessman and former chairman of Indian conglomerate Tata Sons, has died in an accident after his car crashed into a road divider in western India, police said. He was 54.
The crash occurred on a river bridge in Maharashtra state’s Palghar district near Mumbai on Sunday, police officer Prakash Gaekwad said.
Continue reading...Britain lagging behind in race to build vital large-scale and local battery factories
Britain is locked in a battle to hold on to production of Jaguar Land Rover’s future range of electric vehicles as concerns grow that the UK is falling behind in the race to build vital large-scale battery factories.
The company, which is owned by the Indian conglomerate Tata, said it continued to “explore all options” for battery supply amid reports it could build electric cars in eastern Europe.
Continue reading...Police and Health and Safety Executive launch investigation into man’s death in south Wales
Police and health and safety experts are investigating after a worker died in an incident involving machinery at the Tata steelworks in Port Talbot.
Emergency services including a hazardous area response team were called to the site in south Wales shortly before 2pm on Wednesday.
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