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- 2,800 jobs could be axed in switch to less carbon-intensive electric arc furnaces
A £500million state rescue deal for Tata Steel’s Port Talbot plant will be confirmed this week.
Business Secretary Jonathan Reynolds will give the Government’s backing for an agreement that the Mail on Sunday understands will be similar to the one thrashed out under the Tories.
That deal involved switching to electric arc furnaces and shutting blast furnace production – costing thousands of jobs.
Deal: A £500m state rescue deal for Tata Steel’s Port Talbot plant will be confirmed this week
During the election campaign, Keir Starmer had attacked the deal, throwing it into doubt.
Ministers are likely to point to other aspects which they will say represent an improvement on the Tory deal.
Reynolds told the BBC last month that ‘job guarantees’ would be part of talks with Indian-owned Tata and that there was a ‘better deal available’.
An announcement is expected in the middle of this week, the Mail on Sunday has been told. The Department for Business and Trade would not comment.
Some 2,800 jobs could be axed in a switch to less carbon-intensive electric arc furnaces.
The first furnace, known as Blast Furnace 5, closed in July after 65 years of operating.
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