Port Talbot plant uncertain future

Port Talbot plant uncertain future
08/07/2016 , by , in ALLIED

Tata Steel will announce the sale of some of its speciality businesses in Britain but has further delayed the decision on the future of its Port Talbot plant, which it put up for sale earlier this year. Britain’s Business Secretary Sajid Javid is due in Mumbai on Thursday to meet Tata Chairman Cyrus Mistry.

The Brexit vote had partly caused the delay in selling the Port Talbot facility in southern Wales.”The delay will be to do two things: one, to assess the impact of Brexit while they mull that over and secondly to see whether there is any result on what can be done about the pension fund,” according to a BBC business correspondent.

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