Tata UK “not out of the woods” despite signs of an upturn in fortunes.
Tata UK steel business is still “not out of the woods” despite an upturn in the company’s fortunes CEO Bimlendra Jha has said.
Jha was addressing the International Dinner at Cardiff Castle on Wednesday night, and despite signs Tata’s Port Talbot site is seeing a turnaround Jha warned there was a long way to go.
“We must remember that whether you drown one foot under the water or 10 foot under the water, you still drown. Therefore it is important to realise that while there has been a turnaround and this caveat is important, we are still not out of the woods,” Jha said.
“We are all looking for certainty, uncertainty is not good for anybody, not for our workers, our stakeholders or anybody,” he said.
Jha refused to be drawn on speculation about a possible Tata Steel tie-up with German based steel giant ThyssenKrupp.
Tata UK announced in August It’s Shotton plant will spearhead a drive to create the next generation of building envelope products “aimed at meeting current and planned future legislation and customer needs.”
Shotton steelworks has remained the jewel in company’s crown remaining profitable even at the height of the steel crisis earlier this year.
The Tata Shotton operation has begun recruiting new members of staff in recent weeks, a signal of continued confidence in the Deeside business.
Leader of Plaid Cymru Leanne Wood paid a visit to Shotton today, Wednesday October 20 where she met workers, union reps and select members of the press to discuss Brexit and the importance of the steel industry to the Welsh economy.
Twitter.com/LeanneWood
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