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Transcripts For BBCNEWS Verified 20240705

juggernauts contending for the top prize. hello, welcome to verified live. tata steel will push ahead with plans to close both blast furnaces in its south torbert plant in wales, and it is expected to lead to the loss of over 3000 jobs talbot. the gmb union says it has alternative proposals aimed at saving jobs. a reminder of what we are saying, the bbc understands that tata steel is going to press ahead with plans to close blast furnaces at its plants at port talbot in south wales and that threatens the loss of more than 3000 jobs. the decision follows a meeting between tata steel executives and the wider community and unions in the meeting happened at a hotel in london today. and the meeting. the company will replace blast furnaces which produced new steel from iron or with a modern electric arc furnace which will produce usable steel from scrap metal, and it will be more environmentally friendly to operate but crucially it will require a smaller workforce. but crucia

Transcripts For BBCNEWS The 20240705

is to close blast furnaces in port talbot with 3,000 jobs to go. the union plan to savejobs has failed. so what does it say more generally about the green transition? also in the programme. a walk out in northern ireland. no government, no funding, no pay rises. is the standoff over stormont now a constiutional crisis. a constiutional crisis? and is it the demand for cocaine europe that has turned ecuador into a war zone with the drug cartels? is there a future for steel making in the uk? and if there is then what sort of sector does it become. that very issue has been under discussion today between unions representing the steel workers of south wales and the bosses of the tata steel making company. no official word of what has been agreed but we understand tata steel is to close both blast furnaces at its port talbot works with the loss of up to 3,000 jobs. instead of blast furnaces, tata have a plan backed by the british government to invest in a new, greener, electric ar

Transcripts For BBCNEWS World 20240705

have the ability to keep making so called virgin steal from scratch within the uk. there are also clearly concerned about the workforce here. while there are plans to bring a free port to port talbot, potentially building aviation fuel plant here, too, those plans are in the medium to long term, there is nothing to immediately shift these workers do. at £100 million pot has been announced to potentially help workers to retrain or find other work. it would be very difficult to find a pathway forward until those other potential major employers arrive in port talbot. arrive in port talbot. thank you very much arrive in port talbot. thank you very much indeed. arrive in port talbot. thank you | very much indeed. presumably, arrive in port talbot. thank you - very much indeed. presumably, the fallout from this will be analysed now. what is your expectation as to where it goes in terms of steel production in the uk in the short term? ., , ., , ., production in the uk in the s

Transcripts For BBCNEWS World 20240705

to shut down the blast furnaces at port talbot. frustration, disappointment is probably the biggest word. disbelief. it sjust been. handled absolutely appallingly in my opinion. also coming up: are pre election handouts ahead? taxes in his march budget. when i look around the world to america and asia, when i look around the world to america iwith sia, when i look around the world to america iwith lower when i look around the world to america i with lower taxes countries with lower taxes have more dynamic, faster growing economies. that s and a sweet business that ran out ofjuice. we look at the rise and fall of the original indian steel giant tata is expected to confirm up to 3,000 jobs will be cut from its british operations. the bbc understands tata is to go ahead with plans to shut down both blast furnaces at its port talbot site in south wales which is the uk s biggest steel plant. the company is intending to replace the furnaces with an electric version which is more

Transcripts For BBCNEWS Breakfast 20240705

the boss of british gas joins us to talk about that, and to answer your questions. jordan henderson cuts short his stay in saudi arabia. the england midfielder has arrived in amsterdam tojoin struggling dutch giants ajax afterjust 19 games in the middle east. cold today. could it change at the weekend? we are about to go from snow to storms. all the details in breakfast. the indian steel company, tata, will confirm plans today to cut up to 3,000 jobs in the uk. most are expected to be at britain s biggest steelworks in port talbot, at britain s biggest where two coal fired furnaces are set to be closed. unions called it a crushing blow and the worst case scenario. 0ur reporter, lucy vladev, has more. after years of questions about the future of steel making, the answers being provided for workers here are about as bad as they get. both blast furnaces in port talbot will close, as part of major changes to the way tata produces steel. jobs will go across the uk, but south w

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