Green Britain: UK Steel Industry Enters ‘Death Spiral’ After Another 1,000 Jobs Are Axed
The Government was today accused of ‘sitting on its hands’ as Britain’s steel industry entered a ‘death spiral’ after another 1,000 jobs were axed. Since August 5,000 steel workers have been made redundant – one in six jobs in the industry – as it struggles to cope with rising energy costs and a glut of cheap Chinese imports.
Freefall: Tata has axed 1,000 jobs at its steel plant in Port Talbot, pictured today, and four more sites as part of 5,000 job cuts since the summer
Downing Street said today the Government was doing it all can to help the steel industry and is considering backing a £400m rescue of Tata’s plant in Scunthorpe.
But Labour claim ‘laissez-faire’ ministers have taken no decisive action.
‘Vital reform of EU trade defence instruments, for example, has been blocked by a number of countries, principally led by this Tory Government.
‘Only by taking immediate and decisive action, not least by fully engaging at an EU level, can the Government make sure our steel industry survives so that it can benefit from planned infrastructure spending. If this doesn’t happen urgently, the Tories’ laissez-faire attitude to our steel industry could lead the downturn into a death spiral’.
The steel industry has been dealt another huge blow after Tata confirmed that more than 1,000 jobs are to be axed.
Most of the jobs will go at the huge plant in Port Talbot, south Wales, where 750 posts will be cut.
But other factories will also be hit, with 200 in support functions and 100 at steel mills, affecting Llanwern, Trostre, Corby and Hartlepool.