Tata Steel has said that there are "structural disadvantages" in the steel industry in Britain that makes production unprofitable, which has forced the firm to sell its assets.
Bimlendra Jha, Tata Steel's new chief executive, told a committee of MPs that the government will probably have to do more to help the firm find a buyer for UK steel plants.
The government is not prepared to take more than a 25% equity stake in Tata Steel's assets, the business secretary has told a committee of MPs today.
He warned the country faces a "huge economic and social disaster" if steps are not taken to solve Port Talbot's pension fund liability.
Business Secretary Sajid Javid has appeared before MPs and admitted he should have flown to a Tata Steel meeting in Mumbai to discuss the steel crisis, rather than flying to Australia on a trade mission.
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