Tata Steel crisis: David Cameron says ‘no guarantee of success’
Tata Steel has 15,000 workers in the UK; 5,000 of which are at the plants in Lanarkshire and Scunthorpe, which are currently in the process of being sold to Liberty Group and Greybull Capital.
Tata has decided to sell its UK business, but the Prime Minister believes that nationalisation is not the answer. He says the government is “doing everything it can” to save the thousands of jobs that are facing an uncertain future, but has warned that there are also “no guarantees of success”.
For live updates on the ongoing talks, head here.. http://ow.ly/10bcZh
Car production reaches double-digit growth in February
According to data from SMMT, UK car production saw growth of 13.1% in February, further improving on the industry’s strong start to 2016.
2015 was the best year for a decade for UK car manufacturing, with total vehicle production hitting 1.6m. This year so far, 284,504 cars have been built, up by 10.6% on the same period in 2015. Mike Hawes, SMMT chief executive, said: “Demand from both domestic and overseas customers shows no sign of slowing. The outlook for the sector is bright, but much will depend on global economic conditions in the months to come.”
To find out more on the industry’s success, head here.. http://ow.ly/10bd7s
UK manufacturers struggle to access skills for industry demands
EEF has recently published a new report highlighting the government’s failure to adequately handle the skills shortage that is consequently impairing industry productivity and manufacturers’ efforts to combat the crisis.
Almost three quarters of organisations (73%) said they have found it difficult to recruit skilled workers in the past three years, while a similar 72% are worried about securing the skills to drive productivity in the next three years. In the face of these challenges, many manufacturers are offering competitive salaries, career development opportunities, training and flexible working as incentives to attract skilled workers.
Head here.. http://ow.ly/10bde5 to take a look at the main points from the report.