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General chat.& Random stuff
- Thread starter swantastic
- Start date
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There is only one ‘positive’ outcome and that is nationalisation.
The problem from day one was that Tata had no real discernible strategy other than they wanted to buy Corus - The Empire striking back, so to speak.
If they had really undertaken ‘proper’ Due Diligence, they wouldn’t have bought it, recognising that £billions would be needed to modernise the UK business. The Dutch business was in better shape as from a steel making and downstream perspective, ‘everything’ (steel making, tinplate, coated products) was on one site.
Whereas, in the UK the business had not only a Strip Products group of businesses (steel making in Port Talbot, Tinplate in Llanelli, Coated Products in Shotton and Tubes in Corby) but also a Long Products business ‘up North’ - all of which competed for scarce capital investment resources.
The sneaky thieving bastards ! Nothing to do with safety just more pilfering from motorists pockets ! I hope the blade runners chop them up .