How's that energy policy working out for you - Tata Steel in England

From the UK Guardian:

Tata Steel cuts 720 jobs blaming UK's 'cripplingly high electricity costs'
Tata Steel is blaming “cripplingly high electricity costs”, the strong pound and low-cost competition from abroad for the loss of 720 jobs, mainly in Rotherham, South Yorkshire.

The Indian-owned company, once known as British Steel, has told workplace representatives that it must slim down the business to survive but will try to avoid compulsory redundancies where possible.

Karl Koehler, the chief executive of Tata Steel Europe, said: “I realize how distressing this news will be for all those affected, but I am also extremely aware of our responsibility towards the ongoing survival of this business, which will continue to employ about 1,500 people in South Yorkshire.”

So that is about 25% of their workforce and probably not going to be re-hired unless energy costs come down to reasonable level. alt.energy fails unless it is propped up with government subsidies (our tax dollars).

Had the leaders in England explored other nuclear technologies (LFTR) ten years ago when they decided to move away from conventional nuclear power, these safe reactors would have been coming online right about now providing people with clean safe energy and the waste products would only need to be sequestered for about 300 years.

And who is being held accountable for such a policy failure? Thought not - fscking beaurocrats...

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This page contains a single entry by DaveH published on July 16, 2015 2:14 PM.

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