Steel giants Tata have announced they will be making 1,500 job cuts across plants in Northern England. 1200 jobs will be lost at their Scunthorpe plant whilst 300 further positions will be lost at their Teeside sites.
The proposals will also see areas of the Scunthorpe plant being closed down or mothballed as part of a long-term mission to turnaround Long Product (bars, rods, wires, rails and tubes) business in Europe.
The company cited a reduction in demand for these products of a third over the last four years as a cause for the restructuring. Their belief is that this downturn will not recover anytime soon.
What is especially interesting is what Channel 4 don’t tell you. Even the ultra-lefty Guardian managed to give us the most pertinent part of Chief Executive, Karl-Ulrich Köhler’s statement:
“The continuing weakness in market conditions is one of the main reasons why we are setting out on this difficult course of action. Another is the regulatory outlook. EU carbon legislation threatens to impose huge additional costs on the steel industry. Besides, there remains a great deal of uncertainty about the level of further unilateral carbon cost rises that the UK government is planning.”
Channel 4 News has been almost as big a standard-bearer for the carbon dioxide scam as the hopelessly biased BBC and the print media. The truth about the climate scare rarely gets an airing in the MSM and nor do the devastating economic effects of the measures being introduced in the completely bogus attempts to ward off a non-existent problem.
The Tata story is a powerful reminder that thanks to the greenie agenda, Europe is heading towards industrial oblivion as businesses and jobs migrate to China and India. Canada has woken up to the reality of what is going on but Democratic America (despite the basket case that California has become) and Australia are both intent on introducing punitive carbon (dioxide) reduction legislation that will similarly devastate their economies.
It really is time that the media rediscovered its purpose as the fourth estate because if we carry on as we’re doing now, the media has no future in Europe: we won’t be able to afford them.