Fears for Port Talbot steelworks as Tata moves to break up European operations
Indian-owned steel giant Tata said it is no longer prepared to subsidise its loss-making UK business, while confirming it has started the break up of its European operations.
In a trading statement Tata, which employs 7,000 in Wales, including 4,000 at its primary steelmaking business at Port Talbot, said it has commenced the separation of its Dutch steel operations from those in the UK, which…