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Tata Steel poverty pleas exposed as ‘a sham’ by Unite
A worker outside Tata Steel's Port Talbot steelworks in south Wales, September 15, 2023
STEEL giant Tata's plea of poverty over plans to sack 2,800 steelworkers in Wales were exposed as a sham by Unite today.
Union analysis of the firm’s finances showed it made a profit of £3 billion last year and pocketed a £500 million taxpayer handout.
Unite said that Tata is awash with money and had paid out £1.4bn in shareholder dividends in the last five years, while also holding reserves of £1.6bn.
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