Tata Steel UK may cut 2,500 jobs; CEO says “it is inevitable” – Business News

Tata Steel CEO hinted at 2500 job cuts in the UK. As the steel major plans to shift to the low-emission electric arc furnace (EAF) process, CEO T V Narendran announced an “inevitable” job loss.

Tata Steel owns the UK’s largest steelworks, producing 3 million tonnes per annum (MTPA), located at Port Talbot in South Wales. It employs approximately 8,000 individuals across all its operations in the country, as per the PTI report.

Changes to Tata Steel’s functioning

In line with its decarbonization strategy, the company is transitioning from the blast furnace (BF) route, which is approaching the end of its life cycle, to the low-emission electric arc furnace (EAF) process.