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...In line with Germany’s Stock Corporation Act and its corporate governance code, both von Bomhard and Bock underwent a two-year cooling-off period before joining the supervisory boards....
...“In the UK, Tata’s plans and those of the government reflect the short-term thinking of a clapped-out disinterested government marking time to a general election.”...
...win the UK general election....
...Roy Rickhuss, general secretary of the Community steel union, urged the company to reconsider, describing the decision as “unacceptable” and “devastating for Port Talbot and the wider steel industry”....
...Workers are “deeply concerned” by British Steel’s plans for an “[electric arc furnace] only approach at Scunthorpe and Teesside,” said Roy Rickhuss, general secretary of the Community steel union....
...Manufacturers, ranging from giant corporations to smaller companies in the country’s famed Mittelstand, have already been hit by rising inflation and a rapid increase in interest rates....
...Rachel Reeves, the UK’s shadow chancellor, has promised no rise in corporation tax from its current rate of 25 per cent under a Labour government if the party wins the general election later this year....
...“Large-scale job losses would be a crushing blow to Port Talbot and UK manufacturing in general,” said Charlotte Brumpton-Childs, a national officer at the GMB union....
...This would involve closing Tata’s last two remaining blast furnaces, which are both at Port Talbot, and replacing them with an electric arc furnace, which is less labour-intensive....
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...Chancellor Jeremy Hunt has raised the possibility of further tax cuts before the next general election as he counts on recent reductions to national insurance and the prospect of lower interest rates to...
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...Roy Rickhuss, general secretary of the Community steel union, on Wednesday welcomed the decision not to announce the job cuts....
...Reeves said the commitment on corporation tax rates, should her party win the general election this year, would provide business certainty in the UK after years of post-Brexit upheavals....
...Donohoe is one of the government’s most heavyweight ministers and his departure would be a serious blow as the government faces a general election due by March 2025....
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...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
...Union leaders warned they would fight any proposed job losses “tooth and nail”. Sharon Graham, general secretary of Unite, said the plans were “disgraceful, short-sighted and lack ambition”....
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