Tata Steelworks crisis.

[who can tell]

First Redcar  steelworks now its Port Talbot's turn not long back it look like Forgemasters at Sheffield was likely to follow other Sheffield's steelworks into the history books. After the Redcar plant closed the town has been turned into a ghost town of lost souls ,a factory at Redcar placed an ad for one job six hundred people turned up at the factory gate a scene that would have not looked out of place in 1930s Britain. Cameron is towing the party line of no state help despite pressure to help either though public ownership or funding theirs over two thousand jobs at risk. Tata biggest problem is competition from cheaply produced steel from China plus getting into a million pound debt each passing day. Do we take the Indian based company into public ownership to keep employment in Port Talbot or allow it to close that will likely see many not working again ?

[Old Cruser]

Don't think the Government will take it on WCT but no company can afford to lose that kind of money.
I reckon they have done well to hang on in there as long as they have - no consolation for the people they employ though is it.