The India-based company was reacting to media claims that, should Labour win on July 4, it hoped to persuade the largest steelworks in the UK to make a U-turn.
In April, Tata declared that around 2,800 positions would switch from “virgin steel” to “greener steel.”
The £1.25 billion investment included the swift replacement of the labor-intensive blast furnaces with greener electric arc technology by September, after they were shut down.
It includes a £500 million package of government support to help with the transition and the larger local community, which presently relies on the expansive south Wales site for jobs.
Tata claimed that if the funding was cancelled, Port Talbot’s steel industry would be “significantly at risk” for the long run.
“We wish to inform that Tata Steel confirms that it will continue with the announced closure of the heavy end assets and restructuring program at Port Talbot in the coming months,” the business said, in response to the unions’ ongoing preparations for strike action.
“After the elections, we implore and plead that the present and new governments uphold and protect the provisions of the £500 million package of support for the Electric Arc Furnace (EAF) project.
