Unveiling the Financial Dynamics and Strategic Movements
Insights into Gorman-Rupp's Financial Performance and Strategic Positioning
Unions have warned of a bitter fight ahead, saying their plans to avert thousands of job losses at Tata Steel have been rejected by the company. Tata had announced in January a consultation on cutting up to 2,800 jobs in the UK, the majority of them at the country's biggest steelworks in Port Talbot, South Wales. It followed confirmation that the Indian-owned firm wanted to close down the blast furnaces at the plant and replace them with electric arc furnaces under a plan to reduce emissions and costs.