A ballot on a new pension offer will be put to Tata Steel workers from today.
All unions and officials have agreed to fully endorse the proposal which includes a £1bn investment over 10 years.
The deal includes a two-blast furnace operation at Port Talbot and plans for no compulsory redundancies for the next five years.
But the current pension scheme will be terminated as part of the deal in return.
The deal includes a two-blast furnace operation at Port Talbot and plans for no compulsory redundancies for the next five years.Read the full story ›
The UK government says it's done a "great deal" for steel, after Carwyn Jones questioned Theresa May's commitment to the industry's future.Read the full story ›
There has been no progress in tackling Tata Steel's pensions deficit since Theresa May became Prime Minister, the First Minister has told AMs. Answering questions in an Assembly scrutiny committee, Carwyn Jones also said that the position of Port Talbot steelworks was "better but not out of the woods".
The UK government is not engaging in the same way as it was when the pervious Prime Minister was there. David Cameron did take as personal interest. That's gone with this current government.
Mr Jones said it was crucial the proposed merger between Tata and Thyssen-Krupp didn't lead to Port Talbot losing one of its two blast furnaces. He added that it would be an "immense disappointment" if there's no action to reduce energy costs in next week's autumn statement by the Chancellor. The fall in the value of the pound had helped but prices were still 37% lower in Spain.
Assembly Members will today hear from steel bosses on the progress of talks over the selling of Port Talbot's steelworks.
The National Assembly's Economy Committee is set to hear evidence from Tata Steel, Liberty Steel, unions and First Minister Carwyn Jones AM.
Since the election, there has been a marked drop in public discussion of the industry. As a committee we were keen to shine a light on what has happened since then, and whether the urgency and spirit of cooperation that characterised the initial reaction to job losses at Tata Steel in Port Talbot has continued.
Today’s meeting will hear from the employers, employees and First Minister Carwyn Jones. The committee has also written detailed questions to UK Government Minister Nick Hurd to hear how he is taking on the issues, since he became the Minister of State for Climate Change and Industry.
Steel remains a vital component of Wales’ economy, and following the appointment of a new Government in Cardiff Bay and new Ministers in Westminster over the summer, the committee wants to ensure that momentum has not been lost. Our predecessors on the Economy and Business Committee called for concerted action on energy costs, business rates, procurement, tariffs on foreign steel – I look forward to exploring whether action has been delivered, and whether it has been sufficient to provide some medium term certainty to the industry.
Tata Steel has slumped to a net loss of £358 million for the quarter to June amid continued uncertainty over its UK operations.Read the full story ›
The First Minister of Wales, Carwyn Jones, has responded to speculation that the Welsh Government is due to announce a joint investment in the troubled steel works at Port Talbot.
Scott Horwood from Burry Port has made the working replica, which rolls card instead of steel. Obviously.Read the full story ›
The new Business Secretary has met workers at Port Talbot steel plant which still has doubts over its long-term future.
Steel giant Tata has halted plans to sell the huge site and is working on keeping its UK business as part of a joint venture with German conglomerate Thyssen Krupp.
Greg Clark, the new Secretary of State for Business, Energy and Industrial Strategy, visited the Port Talbot works yesterday and met workers and union officials.
I am encouraged that Greg Clark has met with steelworkers in his first week on the job. He will have left today in no doubt that Community will keep the pressure on this Government to keep their promises to protect the steel industry.The new Secretary of State clearly understands the scale of the challenge still facing the industry, but his words to steelworkers today must be followed by firm actions to help save their jobs. By visiting Port Talbot, he will have seen first-hand that the highly skilled workforce is the foundation on which any success for this industry will be built.
A Plaid Cymru AM says Tata Steel's plans to halt its sales process and explore a joint venture with European partners "must be stopped".Read the full story ›