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Saturday, 30 August 2014

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Jobs to go at Cumbrian foundry after takeover talks fail

Hopes that dozens of jobs could be saved at a Workington foundry have been shattered after bosses announced today that a potential takeover has failed.

 Tata Steel logo

After months of uncertainty, it has been confirmed that Tata Steel’s copper plant will definitely close in September, with the loss of 32 jobs.

Last year the company announced that 75 posts were to be shed across the whole site, with the majority coming from the foundry. But following talks between management and trade unions it was agreed that the company would work to find a new owner for the site’s foundry plant, which employed the 32 workers, with plans still in place to axe 43 posts from across the site.

A potential buyer came forward a couple of months ago and it looked like a sale were to be agreed, saving around 20 of the under-threat jobs.

However, a Tata spokesman told the News & Star this morning that the sale will not go ahead, and work is now ongoing to close the foundry.

“It is with regret Tata Steel must announce the failure of the bid to sell the foundry at Workington as an going concern,” said the spokesman.

“Tata Steel worked closely with the trade unions to identify a potential buyer which would have secured approximately 20 jobs. However, despite several months of discussion and hard work, the sale will now not go ahead. Tata Steel will now proceed with the original plan announced late last year, to cease foundry operations at the Workington site. Around 250 people will continue to work at the Tata Steel site.”

All of the other 43 other employees across the factory who are losing their jobs have been notified by the company and Tata will honour its commitment to the apprentices at the site, allowing them to complete training.

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