Tata Steel Ltd.

Tata Steel has announced restructuring proposals to improve the competitiveness of its South Wales steelmaking business. The proposed changes would enable the UK Strip Products business to compete in Europe’s lower market demand era by reducing costs equivalent to the loss of about 400 jobs in Port Talbot. A consultation process, which will take more than 45 days, will begin soon with affected employees and their representatives.

In the meantime, Tata Steel’s subsidiary UK Steel Enterprise - which has helped regenerate local economies for more than 30 years through the creation of 75,000 new jobs – will be on hand to provide further support to the South Wales business community.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.