By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    IMF asks Pakistan to reduce circular debt to zero in current fiscal year
    September 29, 2025
    Pakistan, IMF begin technical-level talks on tax revenue targets
    September 25, 2025
    Pakistan borrowing nearly doubled from last year: Report
    September 25, 2025
    China sanctions 6 US firms amid ongoing trade talks
    September 25, 2025
    As Hong Kong prepares for Super Typhoon Ragasa, businesses and schools close.
    September 23, 2025
  • Politics
    PoliticsShow More
    Trump announces Netanyahu’s nod to US Gaza peace plan as Israeli attacks rage on
    September 29, 2025
    PM Shehbaz, Field Marshal Munir fully back Gaza peace plan: Trump
    September 29, 2025
    CPEC enters Phase-II as Pakistan, China unveil roadmap for next decade
    September 29, 2025
    Khawaja Asif says Pakistan not selling nukes under Saudi defence pact
    September 29, 2025
    24 Pakistani hostages, LPG tanker released by Houthis: Mohsin Naqvi
    September 29, 2025
  • Technology
    TechnologyShow More
    Transforming future of work: Resource Cloud launches at ITCN Asia 2025
    September 26, 2025
    Meet the history-making astronauts headed for the Moon
    September 24, 2025
    Pakistan to roll out 5G in coming months, says IT minister
    September 23, 2025
    To find Russian agents and obtain secrets, British spies use the dark web.
    September 19, 2025
    Huawei launches AI infrastructure as Nvidia faces China ban
    September 19, 2025
  • Sports
    SportsShow More
    Supreme Court suspends IHC order barring Justice Jahangiri from judicial work
    September 29, 2025
    PM himself included me in UN team as adviser, claims Shama Junejo
    September 29, 2025
    Rauf and Suryakumar were each fined 30%.
    September 26, 2025
    Prince Harry’s bid to reconnect with royals criticized as ‘tone-deaf’ move
    September 26, 2025
    Pakistan cricket fans flex their meme game ahead of India clash
    September 26, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: September will be “grim,” with 6,000 steel and oil jobs remaining.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > September will be “grim,” with 6,000 steel and oil jobs remaining.
Business

September will be “grim,” with 6,000 steel and oil jobs remaining.

According to the news, the government is threatening a "grim" September in which up to 6,000 jobs in the steel and oil refining sectors could be lost.

Last updated: 2024/09/10 at 9:18 AM
Published September 10, 2024
Share
2 Min Read
SHARE

There will be a total of 2,800 job losses in Port Talbot in Wales and up to 3,000 job losses at British Steel in Scunthorpe. The Grangemouth oil refinery in Scotland will lay off an additional 400 workers.
Sources claim that unions’ expectations that funding from a new Labour government would help prevent job losses have been mostly disappointed.
“The solution isn’t writing a blank cheque to bail out the past, or to put taxpayers on the hook for the industrial challenges we’ve inherited,” the administration stated, adding that it was faced with “tough decisions.”

A £2.5 billion fund was pledged in Labour’s plan to revive the UK steel sector.
However, the new government is following in the footsteps of its predecessor by stating that public funds can only be used to finance the construction of new, environmentally friendly steel manufacturing facilities, not to cover significant ongoing losses at carbon-intensive operations.
The owners of Port Talbot, Tata, an Indian company, and Scunthorpe, Jingye, a Chinese company, both maintain that the plants are losing £1 million every day.
The last blast furnace at Port Talbot will eventually need to be replaced, and the government is in negotiations to finalize a subsidy to Tata of £500 million toward the £1.25 billion cost of creating an electric arc furnace.

You Might Also Like

IMF asks Pakistan to reduce circular debt to zero in current fiscal year

Pakistan, IMF begin technical-level talks on tax revenue targets

Pakistan borrowing nearly doubled from last year: Report

China sanctions 6 US firms amid ongoing trade talks

As Hong Kong prepares for Super Typhoon Ragasa, businesses and schools close.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 10, 2024 September 10, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Could strong lasers unlock cheap fusion power?
Next Article In a poll of news habits, online sources surpass TV.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

China’s new K visa beckons foreign tech talent as US hikes H-1B fee
News Pakistan September 29, 2025
Musk’s X ‘deeply concerned’ by Indian court order over content takedown, plans appeal
Information Technology News September 29, 2025
Kabul’s wells run dry, driving children out of class and into water queues
Weather September 29, 2025
Typhoon Bualoi brings havoc to Vietnam, killing 13 with 46 injured
Weather September 29, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?