Welsh Government should oppose Tata merger plan

Adam Price warns of “clear threat to the survival of Port Talbot works”

Plaid Cymru Shadow Cabinet Secretary for Finance and Economy Adam Price has said that the Welsh Government should oppose the merger plans for Tata Steel and Thyssenkrupp in the absence of longer-term commitment to Port Talbot’s survival than is currently on the table.

Adam Price said that the merger posed a clear threat to the survival of Port Talbot and called on the Welsh Government to write to the UK and European Competition Authority to oppose it.

Plaid Cymru Shadow Cabinet Secretary for Finance and Economy Adam Price said:

“The merger of these two European steel giants will lead to a bloodbath in a battle for jobs. With 27,000 steelworkers in Germany and a works council and unions in a much stronger position, it’s a battle we in Wales will not win.

“The Welsh Government, in welcoming this development, are showing the same weak-willed complacency that befuddles their entire economic policy.

“For once in their lives they should stand up and fight.”

Plaid Cymru Shadow Cabinet Secretary for Steel Bethan Jenkins said:

“The worry is that Tata will take this opportunity to get out of some of their obligation. Promises were made to the workforce regarding investment and job and pensions security. They cannot be let off the hook. The Welsh Government also made some pretty major promises and they need to be guaranteed.

“We need to remember that Tata bosses were given £25 million in bonuses and the Welsh Government gave them £13 million. Any suggestion that they can downplay or try and remove themselves from the commitments they made will be resisted very strongly by everyone in Port Talbot.”

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