Thursday, 27 August 2015

Tata Steel to mothball Wales plant as tough markets persist

Tata Steel to mothball Wales plant as tough markets persist
Tata Steel, Britain's largest steelmaker, said on Wednesday it will mothball a plant in south Wales as tough markets persist, forcing the company to focus on higher-value products.
Europe's second-largest steelmaker after Arcelor Mittal said it will redeploy employees at the plant in Llanwern, Newport, which makes strip products used in autos, construction, domestic goods and packaging, although British press reports said the company will cut 250 jobs.
The move comes only a month after Tata said it may cut up to 720 British jobs, mainly at Rotherham in northern England, in a revamp of its speciality and bar business, which has been hit by cheap imports and high energy costs Nifty levels, nifty market trend,
nifty trends today, share market news, Stock future tips, Stock Trading Tips



 For More Information :Intraday Trading Tips, Intraday Stock Tips,F&O tips,Stock Future Tips, Intraday Tips,Option Trading Tips,Stock Option Tips,Future & Option Tips,option tips

2 comments:

  1. Thanks for sharing the informative news about stock and commodity market.
    Equity Tips Free Trial

    ReplyDelete
  2. I really enjoy simply reading all of your weblogs. Simply wanted to inform you that you have people like me who appreciate your work. Definitely a great post
    Online MBA

    ReplyDelete