Government talk of economic recovery was undermined on Friday when the country’s largest steel maker announced plans to cut 1,500 jobs in Lincolnshire and Teesside. Tata Steel, which bought the Corus business in 2007, blamed a continued slump in demand from the construction sector but also new climate change legislation for its decision. […]
“The continuing weakness in market conditions is one of the main reasons why we are setting out on this difficult course of action. Another is the regulatory outlook. EU carbon legislation threatens to impose huge additional costs on the steel industry. Besides, there remains a great deal of uncertainty about the level of further unilateral carbon cost rises that the UK government is planning,” he added.
And the government intellectuals will sniff, “We’re saving you from your misguided lives, only we understand the big picture. You will thank us in the future, however bleak.”
gotta love Europe…legislating themselves into insolvency.
I don’t see any want ads for those “green” jobs that were supposed to replace the traditional carbon spewing activities.
Color me puzzled.
And add 1500-plus to the welfare rolls.
TATA Steel? A rather unfortunate name for a manufacturing enterprise.
dmorris, here in sarnia Ontario we boast of having the largest solar farm in North America.
McGuinty touted it as a success,in part because it created “green” jobs. At it’s peak it employed 300 people. Now that it’s completed, it employs 8.
Seven to maintain the operation of it and one guy to cut the grass.
Tata steel……….India. Already bought Landrover. Why would this surprise anyone ? Just another factory moving out because the British government is ruled by activists and the nanny state. Shit for brains. The sun has set on the British Empire.
@ atric
And the price of electricity has gone through the roof. To go green, all must suffer. Except the fine folk that make these 15 % efficiency bird shredders of course.
So what happens after Europe is de-industrialized?
@ atric, Tata is a large Bombay, India based steel manufacturer and the parent Tata company has many different manufacturing and other interests around the world. Tata also owns the Jaguar brand as well as Landrover.
It is interesting the Britain had India as a colony and now India is making a colony out of Britain.
The whole “green jobs” claim by the left has always been ridiculous. Politically correct power production is bound to be a job killer, since it results in higher energy costs. The countries that have lower power costs will gain jobs at the others’ expense. This is also obvious at the state level in the US. Nobody is building new plants in California, where electricity is very expensive and new “global warming” rules are going to make it even more so.
Still, I find that the name Tata conjures up images inconsistant with a manufacturing conglomerate.
Atric, I fear you’re right about that. The Financial Post’s headline writers used to be fond of referring to this company as “bodacious Tata”, until a few years ago when they seem to have got a talking-to from the editors.
“Tata conjures up images inconsistant”
But “ta ta” is very consistent for a company that’s going “bye bye”….
I take exception. There are plenty of “green jobs” being created in the unemployment bureaucracy sector.