British Union seeks an emergency meeting on Tata Steel
British unions have called for an emergency meeting of the National Steel Council tp express their concerns about Tata Steel Uk, one of the leading steel makers in the world.
Tata Steel loss in the UK incerased to GBP 371 million this year. Previously, Tata Steel said it was unlikely that India would continue to fund the loss in the future.
According to the information, the plant in the UK could produce 3.5 million tons of crude steel every year. The Unions of GMB, Unite, and Community, said Tata Steel UK faced a big challenges, and the main reason was caused by the lack of investing amount to its asset in the past servaral years.
Currently, Tata steel have planned to improved its operation and to achieve positive cash flow before the end of the next fiscal year.