Tata Steel U.K. Secures $620 Million Rescue Deal

Tata Steel U.K. Secures $620 Million Rescue Deal

GALWAY, IRELAND--September 17, 2024--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The U.K. government has agreed a "new and improved deal" with the country's largest steelmaker, Tata Steel U.K. (Mumbai, India), and confirmed a rescue subsidy of £500 million (US$620 million).

Within this article: Details new rescue package for Tata Steel operations in the U.K., scale of job cuts, planned projects, overall impact

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