The government is in advanced talks to agree a 500 million pound aid package aimed at securing the long-term future of the plant.
Port Talbot's Indian parent company, Tata Steel, is also planning to commit 700 million pounds of investment over several years.
Despite this, industry sources close to the discussions have told Sky News that as many as 3,000 staff remain likely to lose their jobs in the long term.
Read more here: https://news.sky.com/story/government-in-advanced-talks-over-500m-tata-steel-aid-package-12952845
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Port Talbot's Indian parent company, Tata Steel, is also planning to commit 700 million pounds of investment over several years.
Despite this, industry sources close to the discussions have told Sky News that as many as 3,000 staff remain likely to lose their jobs in the long term.
Read more here: https://news.sky.com/story/government-in-advanced-talks-over-500m-tata-steel-aid-package-12952845
#skynews #uk #steel
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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