Thread regarding Tata Steel layoffs

Tata Steel 2016 Redundancies

Tata is losing £1,000,000 every day - this is not sustainable - now they are talking that about 15,000 jobs may be lost in the UK but the impact will be much bigger as this will trickle down into the supply chain and up to 50,000 jobs may be lost - Tata also has a mega super huge £2bn pension deficit in the UK - this is horrible

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Post ID: @OP+GGhADub

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Yes, this is UK only. Also, Chinese keep dumping their steel and this will further depress prices. More redundancies to come in 2016, not only Tata. In the USA, many companies are folding.

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Post ID: @1qec+GGhADub

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