Tata is set to announce the sale of it’s UK Business. Union Sources are said that Steel Giant Tata is expected to announce the sale of its entire UK business.
Well the British Steel crisis is set to get a lot, lot worse.
So we will start with the opening problem that staring at us right now. We are going to loose a lot of jobs. When companies merge or are sold people are going to loose jobs. This is always the case and it will probably happen here.
Can we just point out that Tata’s British Business is down the toilet.
If I was the buyer, if I was crazy enough to buy this business I would just slowly close it down. It’s not making money. I would actually close down the company before I loose every single penny I spent on the company.
What ever happens we know people are going to loose a lot of jobs. No matter what happens people will loses their jobs. It’s another crushing lose for people and the steel business.
Tata Steel is expected to sell of it’s UK Business. This is going to be a terrible lose for the British people and the Steel Industry.