The steel manufacturer Tata Steel is to cut 2,500 jobs at the Port Talbot steelworks despite a taxpayer-backed deal securing the long-term future of the plant.
The business secretary, Jonathan Reynolds, has agreed a deal under which the government will provide £500m towards the construction of a new, greener electric arc furnace at the site, with the plant’s Indian owners paying £750m. However, the deal fell short of job guarantees for current employees.
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