Over 1,000 steel workers in the U.K. will lose their jobs in the coming weeks due to cost-cutting measures introduced by Tata Steel UK, an indirect subsidiary of Tata Steel.
The announcement came Monday as part of the company's cost-saving proposals to improve the competitiveness of its U.K. business.
The continued fall in the European steel price caused by a flood of cheap imports, led by China, is believed to be behind the proposed changes.
The plans will lead to the loss of 750 jobs at its Port Talbot-based Strip Products UK business, 200 jobs in support functions and a further 100 jobs at steel mills in Trostre, Corby and Hartlepool.
Matt Ball, Communications Director for the Community Union, the largest steel workers' union in the U.K., told CNBC in a phone interview. "They're [the workers] obviously extremely worried and anxious at the moment … we'll be meeting with the company to discuss the plans and make sure the numbers won't impact on the safety and integrity of the plant."
Port Talbot is the largest steel plant in Britain in terms of workforce and output, and currently employs 4,000 workers.