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| Tata Port Talbot steelworks closure 'could hit 15,000 jobs' | Tata Port Talbot steelworks closure 'could hit 15,000 jobs' |
| (about 1 hour later) | |
| About 15,000 jobs could be affected if a buyer is not found for Port Talbot's steelworks, a councillor has claimed. | About 15,000 jobs could be affected if a buyer is not found for Port Talbot's steelworks, a councillor has claimed. |
| Indian owner Tata Steel is selling its entire loss-making UK business but did not give an "open ended" commitment to keep plants open during the sale. | Indian owner Tata Steel is selling its entire loss-making UK business but did not give an "open ended" commitment to keep plants open during the sale. |
| Port Talbot is Tata's biggest UK plant with about 4,000 workers but councillor and ex-steelworker, Tony Taylor, said closure would have a much wider impact. | Port Talbot is Tata's biggest UK plant with about 4,000 workers but councillor and ex-steelworker, Tony Taylor, said closure would have a much wider impact. |
| The Welsh Assembly has been recalled to discuss the crisis. | The Welsh Assembly has been recalled to discuss the crisis. |
| Tata has other Welsh plants at Trostre, Shotton, Llanwern and Newport, while UK plants in Rotherham and Corby are also affected. | Tata has other Welsh plants at Trostre, Shotton, Llanwern and Newport, while UK plants in Rotherham and Corby are also affected. |
| But a Labour party call for Parliament to be recalled early was rejected and Business Secretary Sajid Javid said nationalisation was not the answer for Port Talbot. | |
| Prime Minister David Cameron will chair a meeting of key ministers on Thursday, while Wales' First Minister Carwyn Jones is due to speak to Tata bosses. | Prime Minister David Cameron will chair a meeting of key ministers on Thursday, while Wales' First Minister Carwyn Jones is due to speak to Tata bosses. |
| Ministers said they were considering "all options" for the Port Talbot plant, which is said to be losing £1m a day. | Ministers said they were considering "all options" for the Port Talbot plant, which is said to be losing £1m a day. |
| One option would be a management buy-out. | One option would be a management buy-out. |
| Sources said unions and management at Tata Steel had already come up with a turnaround plan for the 100-year-old plant. | Sources said unions and management at Tata Steel had already come up with a turnaround plan for the 100-year-old plant. |
| Their original restructuring plan - made after Tata announced in January 1,050 jobs would go - was rejected on Tuesday when the firm chose to sell up at a board meeting in Mumbai. | Their original restructuring plan - made after Tata announced in January 1,050 jobs would go - was rejected on Tuesday when the firm chose to sell up at a board meeting in Mumbai. |
| Mr Taylor said: "You've got to take into account 3,000 directly employed, 3,000 contractors, 6,000 in the supply chain and then you've got people who rely on the steel industry. | Mr Taylor said: "You've got to take into account 3,000 directly employed, 3,000 contractors, 6,000 in the supply chain and then you've got people who rely on the steel industry. |
| "You're talking about 15,000 jobs could be lost in a community like Neath Port Talbot." | "You're talking about 15,000 jobs could be lost in a community like Neath Port Talbot." |
| He added: "The people in there can build the best steel in the entire world. They are the most professional workers I've worked with over the last couple of years and certainly they need a chance to survive. | He added: "The people in there can build the best steel in the entire world. They are the most professional workers I've worked with over the last couple of years and certainly they need a chance to survive. |
| "If that means the government coming in and providing short-term assistance, then so be it. | "If that means the government coming in and providing short-term assistance, then so be it. |
| "Give us a chance on a level playing field. | "Give us a chance on a level playing field. |
| "If you're going to bring in a new buyer we've got to really make sure there's something there for them to buy. | "If you're going to bring in a new buyer we've got to really make sure there's something there for them to buy. |
| "In the short term, we need the Welsh Government and the Westminster government to work in partnership to get in a short-term impetus into the plant so a new buyer can invest in confidence and ensure there's a sustainable steel industry left for the future generations." | "In the short term, we need the Welsh Government and the Westminster government to work in partnership to get in a short-term impetus into the plant so a new buyer can invest in confidence and ensure there's a sustainable steel industry left for the future generations." |