Skip to main content

Tata Steel UK business sale begins Monday; Britain for job security

Tata's will launch the sale process by Monday for its cash-guzzling steel business in the UK with the British government on Wednesday promising to help find a serious buyer in its bid to secure jobs of thousands of workers at plants there.

Facing intense pressure from labour unions and opposition parties, the British government air-dashed its Business Minister Sajid Javid to Mumbai this morning for a marathon meeting with Tata Group Chairman chief Cyrus Mistry and other top officials to discuss contours of the sale process.
While Tata officials kept mum about the issues discussed with the British Minister, Javid said after meeting that Tata Steel will launch the formal sale process by Monday, April 11 and the UK Government was committed to do its part to help find a "serious buyer".

He also said that no timeframe was yet decided to complete the sale process and Tatas will allow "a reasonable period to find a buyer".

"British govt is determined to secure a long-term viable future for UK steel sector and its workers," said Javid, who also tweeted to term his meeting as "constructive and positive".
Besides a two-hour long meeting with Mistry and other top officials at Bombay House, the iconic headquarter of the Tata Group, Javid also met Tata Steel's Group Executive Director Koushik Chatterjee.

During his meetings with officials of Tata Group, which has put its steel operations in UK on the block after grappling with huge losses and severe cash burn, Javid is understood to have discussed broader contours of the sale process and is said to have pressed upon Tatas to ensure that there were no job losses.

While a large posse of reporters including from the British media had assembled outside Bombay House since morning, a Tata Steel spokesman said he has nothing to share with the media.
Tata Steel UK employs around 15,000 people and the British Government is keen to save these jobs in an already bad economic environment, especially for the steel industry which once was among the most prominent ones in the country.

View more details
Source :


Popular posts from this blog

Sprinklr launches major push into customer experience

Sprinklr, the unicorn startup with a valuation of $1.8 billion, reported a noteworthy refresh today, which moves the organization's concentration from an unadulterated social signs stage to client encounter administration. While despite everything it utilizes social as a focal preparing point, the thought is to bring a common arrangement of advertising undertakings under a solitary umbrella they are calling the Experience Cloud.

In the event that that sounds natural, this is on account of Adobe discharged an item with a similar name fourteen days back. Sprinklr is adopting a comparative strategy with a brought together stage, yet with the objective of having the capacity to deal with the client through what you think about them from a social point of view.

For CEO Ragy Thomas, it's about discovering more inventive approaches to utilize the social data they have been gathering for as far back as 7.5 years the organization has been around.

The recently extended stage includes f…

Here is the upcoming updates for Google Assistant announced in Google I/O 2017

Google Assistant is an intelligent personal assistant developed by Google.  It becomes immense popular all around the world.

Since the Google intelligent assistant was announced a year ago, here coming more Assistant updates this year.

In Google I/O 2017 - stated upcoming Google Assistant updates are

Google Assistant launches App DirectoryGoogle Assistant app for iPhoneGoogle Home phone calls and push notificationsAdd events to calendar and type messages to Google AssistantVisual responses from Google Assistant on TV with Chrome castGoogle Lens for computer vision in the worldGoogle Assistant actions for Android and iPhoneNative payments for Google Assistant actionsSoftware development kit partnersSmart home control for LG and GE appliances

Samsung promises to fix red Galaxy S8 screen issue

Awesome news, Samsung fans — you won't not need to manage red-tinted telephone screens until the end of time.
Because of grumblings from early Galaxy S8 proprietors who guaranteed their gadget screens looked red in shading, Samsung arrangements to take out the issue with a product update.
"Since there are a few protests about the red-tinted screens, we chose to update the product one week from now for all Galaxy S8 customers," a Samsung representative disclosed to The Korea Herald on Friday.
ZDNet detailed the show issue not long ago after a few clients who pre-requested the telephones in South Korea started presenting photos and objections via web-based networking media locales.
After "World S8 Red Screen" started slanting on the district's biggest web crawler, Naver, Samsung discharged an announcement to ZDNet, guaranteeing the issue could be physically settled utilizing the accompanying grouping of activities: Settings > Display > Screen Mode &…