Tata Steel agrees deal with union chiefs to save 8,000 UK jobs
Tata Steel and trade union leaders have agreed a deal to save 8,000 jobs in the steel industry and the Port Talbot steelworks in south Wales.
The jobs have been at risk since March when Tata Steel announced it was putting its UK business up for sale amid losses of more than £1m a day. The decision sparked a political crisis as the government scrambled to secure the future of the plant. Port Talbot is one of only two sites in Britain that makes steel in blast furnaces.
Port Talbot is a town in Wales. It is best known as the home of the Port Talbot Steelworks, one of the biggest steelworks in the world, which currently employs an estimated 10% of the town's population. The steelworks has for many years been under threat of closure.