£13.5m Aid Released for Businesses Affected by Tata Steel Job Cuts
UK government allocates initial funds to support Port Talbot workers and local firms amid transition to greener steel production.
- Tata Steel's shift to electric arc furnaces will result in 2,800 job losses at Port Talbot.
- The £13.5m is part of a larger £100m fund to assist affected workers and businesses.
- Welsh Secretary Jo Stevens announced the funding, emphasizing rapid support for the community.
- More than 50 businesses have pledged to help displaced steelworkers find new employment.
- Unions continue to oppose compulsory redundancies and seek alternative solutions.