No Result
View All Result
Success American Investors
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Success American Investors
No Result
View All Result
Home Investing

Tata Steel Workers to Vote on Strikes Amidst Job Insecurity

by
February 19, 2024
in Investing
0
Tata Steel Workers to Vote on Strikes Amidst Job Insecurity
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Steelworkers at Tata Steel are poised to take decisive action in response to impending job cuts, as unions gear up to ballot members on potential strike action.

Community, one of the key unions representing steelworkers, has secured formal authorization to proceed with a vote on strikes, while Unite is set to conduct its ballot on 1st March. This move comes in the wake of Tata’s plans to curtail operations at its Port Talbot site, jeopardizing nearly 2,000 jobs.

Roy Rickhuss, head of Community, emphasized the union’s readiness to defend the industry, stating, “Industrial action is always a last resort but Tata’s actions mean we now have to prepare for that eventuality.” He criticized Tata’s stance, accusing the company of undermining the consultation process and pushing toward a “major industrial dispute.”

Unite’s general secretary, Sharon Graham, echoed similar sentiments, pledging full support to members during any potential conflict, including access to resources from the union’s substantial strike fund.

Tata’s proposal to reduce emissions by replacing blast furnaces with greener electric arc furnaces has sparked significant unrest among workers. The plan, which entails the phased closure of blast furnaces and subsequent job losses, has been met with staunch opposition from steelworkers and their representatives.

Alun Davies, Community’s national officer for steel, emphasized the detrimental impact of Tata’s plan, labeling it as detrimental to jobs, the economy, the environment, and national security. He reiterated the union’s commitment to resisting measures that endanger livelihoods and the steelmaking capacity of the UK.

In response, Tata Steel defended its restructuring proposals, citing the need to transition to more sustainable technologies amidst significant losses and operational inefficiencies. A spokesperson highlighted the potential of new electric arc furnace technology to sustain the business and meet the demand for low-CO2 steels.

Amidst escalating tensions, both the UK and Welsh governments have pledged support to affected workers. While the UK government has committed £80 million in direct aid, the Welsh government has called for further discussions to explore options for a longer transition period at the Port Talbot site.

As the standoff intensifies, the fate of thousands of steelworkers hangs in the balance, with the prospect of strikes looming large as a means to safeguard jobs and livelihoods in the face of corporate restructuring.

Read more:
Tata Steel Workers to Vote on Strikes Amidst Job Insecurity

Previous Post

New Regulations on Holiday Lets Set to Tackle Housing Affordability Issues

Next Post

Powered Now is the Proud Sponsor of HPM Awards, Honoring Excellence in the Plumbing and Heating Industry.

Next Post

Powered Now is the Proud Sponsor of HPM Awards, Honoring Excellence in the Plumbing and Heating Industry.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

Vertica: The new Israeli start-up challenger to Viagra proving ‘life-changing’ for men with ED

February 14, 2024
Idaho Bucks Managed Care Trend

Idaho Bucks Managed Care Trend

December 5, 2023

The Producer Price Index

September 9, 2023

CMKE Introduces PPM Subscription Model to Drive Cost Savings for Scottish Businesses

November 9, 2023
Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed

Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed

0

0

0

0
Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed

Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed

May 9, 2025
John Lewis to open more cafés and restaurants to boost footfall

John Lewis to open more cafés and restaurants to boost footfall

May 9, 2025
British Airways owner IAG splashes out $23bn on new planes despite US trade war fears

British Airways owner IAG splashes out $23bn on new planes despite US trade war fears

May 9, 2025

Leading with Heart: Nicky Wallis’s Remarkable Rise from Adversity to Boardroom Influence

May 9, 2025

Recent News

Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed

Carmakers and engineers cheer UK-US trade deal as steel and auto tariffs slashed

May 9, 2025
John Lewis to open more cafés and restaurants to boost footfall

John Lewis to open more cafés and restaurants to boost footfall

May 9, 2025
British Airways owner IAG splashes out $23bn on new planes despite US trade war fears

British Airways owner IAG splashes out $23bn on new planes despite US trade war fears

May 9, 2025

Leading with Heart: Nicky Wallis’s Remarkable Rise from Adversity to Boardroom Influence

May 9, 2025

Disclaimer: SuccessAmericanInvestors.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 SuccessAmericanInvestors. All Rights Reserved.