30 Mar '16, 3pm

Port Talbot: a bail-out should only be the start (via @NEF)

Port Talbot: a bail-out should only be the start (via @NEF)

Port Talbot: bail it out, then make a proper plan for UK industry Photo credit: Gino Arcari March 30, 2016 // By: David Powell The UK steel industry is again at crisis point with Indian company Tata set to sell its British steel businesses . Attention is focused on its iconic plant at Port Talbot in Wales where 5,500 people are employed – although it’s grim news too for the other plants across the country. Steel workers are already reeling from huge job losses over the last few months. In October last year the liquidation of Thai company SSI’s UK arm led to the mothballing of its Redcar plant, taking with it 2,200 jobs . Tata has already axed 1,000 members of its workforce earlier this year. At the time of writing, the government was considering – or at least not ruling out – stepping in to bail out the Port Talbot plant. This is the minimum that it should do. The big ques...

Full article: http://www.neweconomics.org/blog/entry/port-talbot-bail-i...

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