Carwyn visits Tata with vow to fight for steel jobs

Carwyn Jones, has today confirmed that the Welsh Labour Government is providing financial support to the Tata Steel Management Buyout Option and stands ready to assist other interested parties – as the deadline for expressions of interest approaches.

The First Minister confirmed the support as he met with steelworkers at Port Talbot today. He has also spoken with Jon Ferriman today, the new temporary head of the UK strip product business. The First Minister will meet with senior Tata representatives tomorrow, to once again impress on the company  the need to meet its obligations as a responsible seller.

Speaking after his visit to the Port Talbot site Welsh Labour’s First Minister, Carwyn Jones said:

Carwyn Jones, has today confirmed that the Welsh Labour Government is providing financial support to the Tata Steel Management Buyout Option and stands ready to assist other interested parties – as the deadline for expressions of interest approaches. 

The First Minister confirmed the support as he met with steelworkers at Port Talbot today. He has also spoken with Jon Ferriman today, the new temporary head of the UK strip product business. The First Minister will meet with senior Tata representatives tomorrow, to once again impress on the company  the need to meet its obligations as a responsible seller.

“We are doing all we can to support the steel industry through this crisis, and today I’ve confirmed that this support includes providing help to the Management Buyout Option (MBO) to firm up the details of their bid. We also stand ready to provide further support to other potential buyers, should they make the case for it. We are open to any option that will provide a sustainable future for our industry in Wales.

“The call with Jon Ferriman today was productive, and he confirmed that the losses being incurred at Port Talbot have been massively reduced in recent weeks due to changes in market conditions. This confirms what we’ve been saying for some time, that the current situation is temporary, and that the British steel industry does have a bright future if we can get through this period. 

“I want to pay tribute to the trades unions and the local steel communities in Port Talbot, Shotton, Llanwern and Trostre – everyone is pulling together for a successful outcome.

“I have always been very clear that I feel the steel industry has a bright future in Wales.  On a visit to Swansea University last week I saw first-hand the new technology and new techniques the University are developing in conjunction with the Port Talbot works. We really are at the cutting edge of this industry, and cannot allow temporary pressures to have the final say."


Volunteer Facebook Twitter

Contact us / Cysylltwch â Ni

Stay in touch / Cadwch mewn Cysylltiad