UK business minister says can not guarantee no more steel job losses | Reuters

LONDON Business minister Sajid Javid said on Monday he was unable to promise that there would be no further job losses in the British steel industry, but that the government was doing all it could to protect workers. Tata, one of the world's biggest steelmakers, said on March 30 it was putting its British assets up for sale, citing a global oversupply of steel, high costs, weak domestic demand and a volatile currency. 'I would love to stand here today and declare that this crisis is over, to say that not one more job will be lost in Britain's steel industry,' Javid said in parliament.

Reuters April 11, 2016 23:30:13 IST
UK business minister says can not guarantee no more steel job losses 
| Reuters

UK business minister says can not guarantee no more steel job losses 
 Reuters

LONDON Business minister Sajid Javid said on Monday he was unable to promise that there would be no further job losses in the British steel industry, but that the government was doing all it could to protect workers.

Tata, one of the world's biggest steelmakers, said on March 30 it was putting its British assets up for sale, citing a global oversupply of steel, high costs, weak domestic demand and a volatile currency.

"I would love to stand here today and declare that this crisis is over, to say that not one more job will be lost in Britain's steel industry," Javid said in parliament. "That is not a promise that I, or anyone else in this chamber, can make."

He went on to say that the government had consistently done all it could support the industry, and would continue to do so.

(Reporting by William James; editing by Stephen Addison)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

also read

Employees cannot insist on transfer to place of their choice, says Supreme Court
India

Employees cannot insist on transfer to place of their choice, says Supreme Court

An apex court bench of justices M R Shah and Aniruddha Bose said it is up to the employer to shift the staff considering the requirement

From submarines to helicopter carriers: How the US has pummelled France's defence industry
World

From submarines to helicopter carriers: How the US has pummelled France's defence industry

Paris is livid with its foreign minister saying the decision by Australia to get nuclear-submarines from America instead felt like a stab in the back

AUKUS is a big deal in Indo-Pacific architecture, and it will complement, not diminish the importance of Quad
World

AUKUS is a big deal in Indo-Pacific architecture, and it will complement, not diminish the importance of Quad

It is obvious that China's military aggressiveness, bullying of the nations in Indo-Pacific necessitated a response, and the 'historic' security alliance is aimed at mitigating the challenges