2. Urgent Question: Tata Steel

Part of the debate – in the Senedd at 2:23 pm on 12 July 2016.

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Photo of Adam Price Adam Price Plaid Cymru 2:23, 12 July 2016

I don’t doubt the sincerity of the Cabinet Secretary, but I’m afraid that answer didn’t give the clarity that the Member for Aberavon was looking for and, even more importantly, as he would also agree, the clarity that steelworkers and their families are looking for. We’ve had a situation now where the chief financial officer of Tata Steel last night refused to give a guarantee over the future of Port Talbot. The chief executive officer of their prospective partner, Thyssenkrupp, has been quoted to saying that this a great opportunity to take capacity out of the steel industry. What’s driving this? What’s the motivation here? Take out capacity: that means a loss of jobs. Where is that axe going to fall? It’s not going to fall in Duisburg in Germany. It’s not going to fall in IJmuiden in Netherlands. It’s going to fall in Port Talbot and across the other Welsh and British sites.

So, I want an unequivocal statement from the Minister that, actually, far from being this salvation of the Welsh steel industry, this merger could be the means to its demise. As it currently stands, we must oppose this merger. The First Minister earlier talked about conditions. The only guarantee that is worth anything is if the equity stake that the UK and Welsh Government have talked about taking in Port Talbot has to be a golden share, where there is a veto on any future decision of the job losses in the Welsh and the UK steel industries. Does the Cabinet Secretary agree?

Finally, he has just announced to us that, actually—this is certainly breaking news—the sale process is not suspended. Well, if that is the case, is the financial support that the Welsh Government—and we supported on these benches—has given to the employee and management buy-out bid, which is, I think, a very, very strong and plausible bid, and it may be the real reason why Tata is walking away from the sale process, because they don’t want a competitor—? The Welsh Government has been providing financial support to that team hitherto. Will that support now continue along with the sale process?