Tata Steel Launches £13.5 Million Support Fund for Port Talbot Restructuring
Wednesday, 14 August 2024, 21:31
Tata Steel's Support Fund Overview
Tata Steel has initiated a £13.5 million fund to assist companies struggling due to job losses from the Port Talbot restructuring plans. This financial support aims to help mitigate the impact of the job cuts.
Details of the Support Fund
- First disbursements have already been made to affected firms.
- The fund is targeted at supporting both retired and active employees.
Conclusion
This fund represents a critical effort by Tata Steel to support the local economy and ensure a smoother transition for laid-off workers. With the initial cash flow now released, the company hopes to bolster the resilience of the firms directly affected by these changes.
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