£500m to save 5000 jobs with 3000 still going. Not against government support per se but is this worth it? Is producing steel a strategic aim of the UK? And how does that fit with climate goals? Could the money be better spent? And how long until Tata is back again with the begging bowl?
Tata Steel: Port Talbot steelworks given £500m by UK government - BBC News
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No, it isn't worth it. Tata will be back in a year looking for more. Ring fence that money, send all 8000 to University and train them on higher skilled better paying jobs, shut down Tata.
If your company can't survive without government bailouts, it shouldn't exist.
Plus, Port Talbot is incredibly ugly with that plant but somehow turns out very talented actors...
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Total fvcking financial incompetence from Work Experience oh but “I’m India’s son in law” so it’s ok that’s where we get all our investment from not China. Out out out. Now.
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There is certainly a strategic argument for being able to produce our own steel.
Apparently though this investment will reduce our CO2 emissions by 1.5% in one go which is quite material although shutting it completely would achieve more.
It's not a uniquely British thing and weekend before I last I went to a steelworks in Poland which used to employ 40,000 people and produce 7.5 million tonnes of steel a year but it's now just a steel finishing plant that employs a couple of thousand of people.
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