LONDON, Apr 5: UK business secretary Sajid Javid is set to meet Tata Steel’s chairman Cyrus Mistry in relation to the group’s plans to exit the UK steel industry.
Javid will hold talks with Mistry to discuss details of the sales process for the firm’s UK steel operations as British government seeks to find a solution to the steel crisis.
The news came as steel unions in the country called on Prime Minister David Cameron to personally intervene in the ongoing emergency talks in London to save Britain’s steel industry from collapse.
Tata Steel announced last week it was selling its loss-making UK businesses and would close its plant at Port Talbot unless a buyer is found.
The company directly employs 15,000 workers in the UK and supports thousands of others, across plants in Port Talbot, Rotherham, Corby and Shotton.
Britain’s steel industry has been thrown into crisis by a combination of cheap imports from China, falling global demand, high energy prices and a tougher tax regime than many rival nations. (PTI)
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