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Tata Steel Europe plans to sell some businesses creates uncertainties among workers-The 19th China (Guangzhou ) Int’l Casting product Exhibition
5/11/2018 铸件展- casting expo-Die-casting expo-foundry expo |
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The Mirror reported that campaigners hit out at Tata Steel after the firm unveiled plans to flog off some of its businesses plunging hundreds of workers into fresh uncertainty.
Senior Labour MP Stephen Kinnock, whose South Wales constituency includes Britain’s biggest steelworks, Port Talbot, said “Tata has unequivocally assured the steel unions that it would not engage in the sale of any assets during the process of joint venture negotiations with ThyssenKrupp. It is therefore surprising and disappointing to see that Tata appears to be reneging on that commitment.”
Community steelworkers’ union boss Roy Rickhuss said “Clearly this will bring yet another period of uncertainty to hundreds of steelworkers across the UK and will be worrying news for many of them and their families. We are yet to be persuaded of the business cases for these proposed sales and we are calling on Tata to demonstrate that it is a responsible seller in practical terms by allowing time for the unions and our experts to look at the rationale behind today’s announcement. No sale agreements should be signed before full consultation has taken place. During our discussions with Tata about the merger with ThyssenKrupp, we secured a commitment that there would be no asset closures and this principle must be upheld throughout this process and any sale.”
Shadow Steel Minister Gill Furniss urged Tata to work closely with the unions to seek the most sustainable and responsible way forward. She added “During conversations about its merger with ThyssenKrupp, Tata made their commitments clear that there would be no asset stripping. They must honour these firm commitments throughout any sale process.”
The group’s European arm is seeking buyers for “non-core” units which supply products to niche markets. The sale covers five business units, including Cogent, which manufactures electrical steels based in Newport, South Wales; Firsteel, which coats steel for kitchen bakeware based in Walsall, West Mids; and Wolverhampton-based Engineering Steels Service Centre, which processes engineering steels. Other sites are in Canada, Sweden, Germany and Turkey.
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