Last modified on Wed 27 Nov 2019 21.37 GMT. Find Tata Steel in Port Talbot, SA13. Back to results. Tata has committed to keeping the giant Port Talbot steel plant open after signalling its planned joint venture with German rival Thyssenkrupp was off. Disclaimer: The opinions expressed within Reviews are those of the author and not the views or opinions of Yell Limited. Port Talbot employs just under half of Tata's 8,385 workforce in the UK. The Scunthorpe plan was owned by Tata until 2016, when it was sold to the investment firm Greybull Capital. Tata has reportedly submitted its loan application and the negotiations are approaching an agreement, but insiders warned that it was not yet over the line. 'We took the opportunity of this summer’s maintenance shutdown to upgrade a number of other plant areas in order to further improve production of high-value steels and their delivery to customers.'. Tata Steel is exploring turning its loss-making Port Talbot steelworks into a recycled steel operation, with unions fearing such a move could put a significant number of jobs at risk. In order to access the bespoke funding arrangements, companies must have exhausted all other means of raising money first, including the government’s existing coronavirus assistance schemes. Although large parts of Britain's steel industry have been under the control of foreign owners for more than a decade, the unification of two such big employers under Chinese ownership would draw inevitable political scrutiny. There are no reviews for this business, be the first to write a review! Plaid Cymru AM for South Wales West, Bethan Sayed, called for the first minister to organise a steel summit to draw up a long-term plan to safeguard the future of the industry. We didn't have a great year last year in the UK. The Indian-owned group approached the government during the spring, seeking a £500m loan to help it weather the coronavirus crisis. Available for everyone, funded by readers. Alongside the job cuts, Tata spelled out plans to change the way the business works. Asked specifically about the plant, which employs 4,000 workers, chief executive T V Narendran said: "We need to make sure we run it well. Port Talbot steelworks owner Tata Steel has confirmed it is to cut up to 1,000 jobs in the UK, as part of wider cost reduction plans. Alongside the work that Credit Suisse has been undertaking for the government on Tata Steel UK's future, the management consultants McKinsey has drawn up a blueprint for the future of the UK's wider steel industry at ministers' request. The move was, however, put on hold and a 10-year £1bn investment plan was announced for the UK's biggest steelworks at Port Talbot - if market conditions allowed - along with a commitment to try and avoid compulsory job losses. Port Talbot, Tata Steel also has operations at other sites in Wales, as well as in Corby and Hartlepool. Video, Macron leads vigil for beheaded history teacher, Rare green puppy 'Pistachio' born in Italy, Epstein: Ghislaine Maxwell denies witnessing 'inappropriate' activities, The Countdown: Debate masks, Jennifer Lawrence and 60 Minutes, Trump's lawyer Giuliani dismisses 'compromising' clip from new Borat film, Poland abortion: Top court bans almost all terminations, LGBT students attacked in university Zoom meeting, Why Nigerian protesters want Beyoncé to be more like Rihanna, Asafoetida: The smelly spice India loves but never grew, Nagorno-Karabakh: Nearly 5,000 dead in conflict, Putin says, Coronavirus: France extends overnight curfew as cases surge.