BUSINESS LIVE: Fears of 3,000 job losses at Port Talbot’s Tata steel plant
BUSINESS LIVE: Fears of 3,000 job losses at Port Talbot’s Tata steel plant
By Live Commentary
Updated:
The FTSE 100 is up 0.8 per cent in early trading. Among the companies with reports and trading updates today are Dr Martens and Games Workshop. Read the Friday 15 September Business Live blog below.
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Dr Martens to launch UK repair service
Bootmaker Dr Martens plans to launch a shoe repair service in Britain next month as it seeks to polish its sustainability credentials, encourage customers to extend the life of their boots, and create a new revenue stream.
The London-listed firm’s chief executive Kenny Wilson told Reuters the service is currently being tested with employees and the UK launch will act as a pilot, with the potential to be rolled out into continental Europe.
Even if the repair service displaces some demand as people opt for repairing their boots over buying a new pair, Wilson said the service would bring benefits to the brand overall.
Fears of ‘jobs bloodbath’ at Tata with 3,000 set to be axed at Port Talbot plant in Wales as Indian-owned steel giant makes switch to Net Zero
Fears are growing that thousands of jobs will be axed at Tata’s giant Port Talbot plant despite a Government bailout worth £500million as the Indian-owned steel conglomerate pursues Net Zero
Reports suggest the deal will see the firm’s Indian parent Tata Group pump £700million into the business as it switches to more environmentally-friendly forms of steelmaking.
