Tata Steel poised for £500m subsidy to secure future of Port Talbot site
by Mark Sweney from World news | The Guardian on (#6ES6F)
Expected government deal to help switch to greener production could lead to as many as 3,000 job losses
The government is poised to announce a 500m support package for Tata Steel to secure the future of the Port Talbot steelworks, in an agreement that could lead to as many as 3,000 job losses.
India's Tata group, which owns the vast steelworks in south Wales - Britain's biggest - has been in negotiations over government subsidies to help it either transition to greener production methods or look at site closures.
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