Tata Steel: Thousands Lose Jobs As Port Talbot Furnaces Close
LONDON — Indian firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener. Tata plans to switch from coal-fired blast furnaces to electric arc furnaces, which emit less carbon — and … Read more