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McCluskey calls on government to save steel industry

The leader of the Unite union, Len McCluskey, has called on the government to save the steel industry, as hundreds of steelworkers marched through Westminster to highlight the crisis.

The board of Tata Steel is meeting in Mumbai but has yet to draw up a shortlist of potential buyers for its UK assets.

Thousands of jobs are at risk, with the Port Talbot plant in south Wales facing closure if a buyer cannot be found.

The issue still has to be resolved. We want a secure, guaranteed future for a foundation industry that is vital for our nation.

The whole of our manufacturing depends on British steel and I'm pleased that the government appear to be getting that message, but we want to make certain that those warm words are turned into positive action. n

– Len McCluskey, Unite

Corbyn joins steelworkers on march through London

The Labour leader Jeremy Corbyn has joined steelworkers on a march through Westminster to highlight the steel crisis in the UK.

The board of Tata Steel meet in Mumbai on Wednesday to discuss bids for the takeover of its UK assets.

Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones have traveled to the India city for talks.

Mr Corbyn called on the government to save the industry.

It's the basis of manufacturing economy. It's got to be saved. The government has got to be prepared to intervene.

– Jeremy Corbyn, Labour leader

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'All British Tata Steel bid' between Excalibur Steel UK and Liberty House 'completely untrue'

Credit: PA

A deal between Excalibur Steel UK and Liberty House to buy the Tata Steel UK operation is "completely untrue", ITV News Business Editor Joel Hills has been told.

The "all-British bid" between the two companies was thought to have been to allow Excalibur access to what one source describes as "the deep pockets" of Liberty House, while in turn they would benefit from working closely with the team who have been seen as the front-runners from the outset of the sales process.

The rumour had emerged ahead of the planned Tata board meeting in Mumbai this week to whittle down the seven bids for the ailing steel operation.

The sale includes the huge Port Talbot plant and 15,000 jobs across the UK.

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Steel workers to accept pay cut as part of Tata deal

Greybull Capital agreed a deal with Tata earlier in April Credit: PA

Steel workers will accept a temporary pay cut as part of the deal to sell Tata Steel's Long Products business in Scunthorpe to Greybull Capital.

Unions announced on Tuesday workers had voted in favour of the 3% cut along with changes to terms and conditions.

Earlier in April, Greybull Capital helped save 4,400 UK steel jobs by agreeing a deal with Tata to buy its Scunthorpe plant.

Unions Community, Unite and GMB oversaw the ballot on Tuesday.

Steve McCool, Community's National Officer, said: "I fully appreciate this has been an extremely difficult decision, but be in no doubt this result represents another major step forward towards our objective of securing a sustainable future for Long Products".

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