Mumbai, June 2:슬롯 머신 사이트 추천Tata Steel's UK plant would be hit by the슬롯 머신 사이트 추천layoffs, according to the CEO슬롯 머신 사이트 추천Narendran. Tata Steel, under Tata Group, is an India-based steel-making company operating in South Wales in the United Kingdom. Tata Steel reportedly has 3 million슬롯 머신 사이트 추천tonnes per슬롯 머신 사이트 추천annum (MTPA) capacity, making it the UK's largest steelworks.슬롯 머신 사이트 추천At Port Talbot in South Wales, Tata Steel슬롯 머신 사이트 추천reportedly has슬롯 머신 사이트 추천about 8,000 employees working on all operations in the country.슬롯 머신 사이트 추천

As per aa슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천Economic Times India Times,슬롯 머신 사이트 추천Tata Steel layoffs would슬롯 머신 사이트 추천affect around 2,500 workers at Tata Steel's operations in the United Kingdom, said CEO T V Narendran.슬롯 머신 사이트 추천Tata Steel UK's CEO also reportedly said that the layoffs would be inevitable due to the transition phase. Following this, many workers' unions in the country protested against India-based Tata Steel as many people슬롯 머신 사이트 추천working at the슬롯 머신 사이트 추천company grew afraid of losing their jobs.슬롯 머신 사이트 추천Google Cloud Layoffs: Google슬롯사이트™s Cloud Unit Lays Off Unspecified Employees, Teams Focused on Consulting, Partner Engineering and Sustainability Affected Most.

Tata Steel Transition in the UK: Reasons and Details

The슬롯 머신 사이트 추천report highlighted that as part of decarbonisation, Tata Steel슬롯 머신 사이트 추천planned to shift its low-emission EAF (electric arc furnace) process from the BF (blast furnace) route due to it슬롯 머신 사이트 추천reaching the end of life.슬롯 머신 사이트 추천T V슬롯 머신 사이트 추천Narendran슬롯 머신 사이트 추천said that Tata Steel layoffs would result in슬롯 머신 사이트 추천2,500 job losses and said that unions were not happy about it. He added슬롯 머신 사이트 추천that the company had been conversing with the unions to smooth things out; however, the layoffs would be inevitable.슬롯 머신 사이트 추천

The company's CEO emphasised that transitioning from BF to EAF would슬롯 머신 사이트 추천make it competitive슬롯 머신 사이트 추천and help it reduce costs and CO2 by about 5 million tonnes annually. The report슬롯 머신 사이트 추천mentioned that Tata Steel previously agreed with the슬롯 머신 사이트 추천government over a joint investment plan of £1.25 billion to execute슬롯 머신 사이트 추천decarbonisation plans at the steel facility at Port Talbot.슬롯 머신 사이트 추천Tech Layoffs 2024: May Witnessed Decline in Job Cuts Compared to April As 39 Companies Let Go 9,742 Employees, Says Report.

Regarding the슬롯 머신 사이트 추천closure of the furnace, Narendran said that in March, the coke ovens were closed, and in June, one blast furnace (BF) would close as it had been struggling to operate.슬롯 머신 사이트 추천Following this, he said the second blast슬롯 머신 사이트 추천furnace would also be closed in September for reasons such as asset quality and슬롯 머신 사이트 추천losing money. The슬롯 머신 사이트 추천Tata Steel CEO슬롯 머신 사이트 추천affirmed that the슬롯 머신 사이트 추천company슬롯 머신 사이트 추천would aim to complete its journey to decarbonise at the Port Talbot plant in the coming three years.

(The above story first appeared on LatestLY on Jun 02, 2024 01:23 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).