Join Ian King and guests as more than 3,000 jobs are to be axed at the country's biggest steelworks, it has been confirmed.
The losses come as Tata Steel announced it was to press ahead with plans to close blast furnaces at the Port Talbot plant in South Wales.
The steel giant in September confirmed details reported by Sky News that it had secured £500m of taxpayer cash to support the site's transition to cheaper, greener steel production to cut emissions and stem financial losses.
Job cuts had been expected as part of the deal though 5,000 UK staff are due to remain within the wider UK operations following the agreement with the government.
The redundancies, to be completed by March next year, will see three-quarters of the 4,000 staff on site put out of work.
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,6365114746112,business,fb,finance,msn,yt,kFAK5dwib8w,, Society,Television_program, channel_UCO0akufu9MOzyz3nvGIXAAw, video_kFAK5dwib8w,MHC Digital Group Founder Mark Carnegie claims Australia’s energy crisis has “nothing to do” with cryptocurrencies and “everything to do” with poor long-term planning.
Following Donald Trump’s US election victory, Bitcoin and other cryptocurrencies have seen a surge in value.
However, there are concerns about the energy intensive nature of Bitcoin mining.
“What’s happening in Australia in terms of the energy crisis has nothing to do with cryptocurrencies and everything to do with poor long-term planning,” Mr Carnegie told Sky News Business Editor Ross Greenwood.
,Watch,Sky,News,Ten,Press,Hamas,Israel,Palestine,Latest,Live,israel,israel hamas war,UK,Sky News,israel war,News at Ten,US,Military,Strike,Ukraine,Russia,Politics,Sky News At Ten,labour,Putin,Prime Minister,Rishi Sunak,World News,General Election 2024,Vote,Trump,Kamala Harris,protest,Middle East,hezbollah attacks israel,israel hezbollah war,israel hezbollah,israel attack hezbollah,hezbollah attack,israel attack,hezbollah,hezbollah israel,-LWweJrjPsg,UCoMdktPbSTixAyNGwb-UYkQ, Politics,Society,Television_program, channel_UCoMdktPbSTixAyNGwb-UYkQ, video_-LWweJrjPsg,Watch News at Ten as arrest warrants have been issued for Israeli Prime Minister Benjamin Netanyahu, former defence secretary Yoav Gallant and a senior Hamas commander by the International Criminal Court (ICC).
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,6364960678112,fb,global,msn,world,yt,HxJNXWBCKLM,UCO0akufu9MOzyz3nvGIXAAw, Politics,Society, channel_UCO0akufu9MOzyz3nvGIXAAw, video_HxJNXWBCKLM,Ukraine has reportedly fired British-made storm shadow missiles into Russia for the first time.
Earlier this week it emerged that the US had granted Ukraine approval to fire long-range missiles into Russia.
Russia believes US President Joe Biden is escalating the conflict.
,6364961652112,australia,fb,msn,politics,yt,kNcF-oM3TA8,UCO0akufu9MOzyz3nvGIXAAw, Politics,Society, channel_UCO0akufu9MOzyz3nvGIXAAw, video_kNcF-oM3TA8,Treasurer Jim Chalmers has claimed a lot of progress has been made to address the cost-of-living crisis.
The Treasurer delivered a speech to Parliament yesterday, saying increased expenditure has protected the country from falling into recession.
Mr Chalmers added the government remains committed to supporting Australians through economic uncertainty - including the fight against inflation.
,6364960930112,australia,fb,msn,yt,-1IRfjrlLGs,UCO0akufu9MOzyz3nvGIXAAw, Society, channel_UCO0akufu9MOzyz3nvGIXAAw, video_-1IRfjrlLGs,A nightclub in Melbourne has gone up in flames after a fire broke out in a two-story building on Chapel Street in South Yarra around 2 am.
It took crews more than an hour to bring the fire under control.
No injuries have been reported.
,1,Join Ian King and guests as more than 3,000 jobs are to be axed at the country's biggest steelworks, it has been confirmed.
The losses come as Tata Steel announced it was to press ahead with plans to close blast furnaces at the Port Talbot plant in South Wales.
The steel giant in September confirmed details reported by Sky News that it had secured £500m of taxpayer cash to support the site's transition to cheaper, greener steel production to cut emissions and stem financial losses.
Job cuts had been expected as part of the deal though 5,000 UK staff are due to remain within the wider UK operations following the agreement with the government.
The redundancies, to be completed by March next year, will see three-quarters of the 4,000 staff on site put out of work.
Latest business news 👉 https://trib.al/unXvp4J
Money advice blog 👉 https://trib.al/wEeVvFT
#Business #BusinessLive #Economy #Inflation #InterestRates #Finance #SkyNews #Live #Mortgage #Employment #Forecast #Banks #Retail #Sales #Christmas
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
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Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
