UK gets better redundancy terms for 2,500 workers as it recommits to Tata Steel deal
- The UK government announced a new support package for 2,500 workers at Tata Steel's Port Talbot, offering improved redundancy terms and reskilling options as production shifts to a greener method.
- Tata Steel plans to close two blast furnaces, potentially resulting in the loss of up to 2,800 jobs. One furnace has already closed, with the second shutting down later this month.
- Employees opting for redundancy will receive 2.8 weeks' pay for each year of service, capped at 25 years, along with a minimum payment of £15,000.
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