Following our report yesterday, the latest announcements regarding Caparo Industries' move into administration and potential job losses at Tata Steel's plants, could have a profound effect on Britain's manufacturing, including losing its ability to build nuclear submarines and offshore drilling platforms, warns UK Steel. If the plant is lost the UK faces the prospect of building the next Trident fleet using imported steel. The company said it was "disappointed" by today's announcement from Tata Steel that it would close all of its British plants in 2018, with the loss of more than 1,000 jobs.
Following our report yesterday, the latest announcements regarding Caparo Industries' move into administration and potential job losses at Tata Steel's plants, could have a profound effect on Britain's manufacturing, including losing its ability to build nuclear submarines and offshore drilling platforms, warns UK Steel. The company said it was "disappointed" by today's announcement from Tata Steel that it would close all of its British plants in 2018, with the loss of more than 1,000 jobs.