Marine Link
Saturday, September 22, 2018

Tata Steel to Sell Entire UK Operation

Maritime Activity Reports, Inc.

March 30, 2016

Britain's largest steelmaker Tata Steel Ltd is expected to announce the sale of its entire UK business, BBC reported citing union sources.

 
Tata Steel's decision was made at Tuesday's board meeting in Mumbai, BBC said.
 
Britain's steel industry has been struggling since European Union steel prices hit their lowest since 2004.
 
Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales.
 
About 4,000 British steel jobs were lost in October 2015 alone, equivalent to about a fifth of the sector's workforce.
 
 
(Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)
Maritime Reporter Magazine Cover Sep 2018 - Maritime Port & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News