The steel industry in the UK is currently in crisis. They plan to talk with Chancellors regarding the pledges they had made in order to help hard-pressed companies, fearing that more jobs could be in danger.
Recently, Tata steel had announced that 1,20 employees were being made redundant at its plants in Scotland and Scunthorpe, totalling up to almost 2,200 job cuts in a year. The future of over 1,700 roles at Caparo also seems doubtful after the company collapsed.
However, Tata steel have revealed that there will be a £9 million package jointly funded by the Government, in order to help retain Scunthorpe's redundant staff.
At a Steel Summit in Rotherham, the Business Secretary, Sajid Javid committed to fight for European approval for the full relief. He is also due to meet European commissioners to appeal for the industry's case.
