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General chat.& Random stuff
- Thread starter swantastic
- Start date
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 .