City councillors met on Tuesday, followed by cabinet on Wednesday, to discuss the proposals.
But the new government has taken a similar line to its predecessor by insisting that public money is only available to invest in new greener steel production facilities, rather than to subsidise large ongoing losses at carbon-intensive plants.Both Tata, the Indian firm which owns Port Talbot and Jingye of China, which owns Scunthorpe, insist the plants are losing £1m a day.
The government is in talks to finalise a grant to Tata of £500m towards the £1.25bn cost of building an electric arc furnace which will eventually replace the last remaining blast furnace at Port Talbot.Blast furnaces use coke in the process of creating "virgin" steel but the process generates carbon dioxide while electric arc furnaces are mostly used to melt down and repurpose scrap steel.This process cannot replicate all grades of steel that are produced in blast furnaces, including some types used in construction and rail.
At Port Talbot, the GMB and Community unions have presented members with a redundancy deal struck with Tata which would see workers receive 2.8 weeks of earnings for every year of service up to a maximum of 25 years.Workers can also sign up to a one-year skills and re-training scheme during which they will be paid £27,000.
Union officials hope the number of immediate compulsory redundancies at the UK’s biggest steel works will end up being far lower than 2,800 as many workers who left recently have not been replaced. There have been more than 2,000 expressions of interest in the redundancy and re-training package being offered.
In Scunthorpe, prospects for workers have deteriorated more suddenly.There are many 20-somethings who know all the words to Wonderwall, but to get there, we need 12 months without a major falling out.
A wary fan might be best trying to get tickets for one of the early dates of the tour.Rock legend Ozzy Osbourne has been inducted as a solo artist into the Rock and Roll Hall of Fame.
Birmingham's 75-year-old Prince of Darkness received a standing ovation from an all-star band and the 20,000-capacity crowd in Cleveland, Ohio, on Saturday."I’d like to thank whoever voted me into the Rock and Roll Hall of Fame for my solo work. Thank you from the bottom of my heart," he shouted above deafening cheers after actor Jack Black presented him with the award.