The CBI has commented on the loss of 1050 Tata jobs in the UK, 750 of which are in Port Talbot, Wales.
Emma Watkins, CBI Wales Director:
ÂThese job losses are a real setback to the Welsh economy and itÂs clear that firms in our steel industry face major global challenges to stay competitive.
ÂChinese steel imports look to be having a big impact and itÂs important that the European Commission urgently reports back on whether the market has been distorted unfairly by excess market supply.
ÂOur industrial base can best be supported by developing a long-term industrial strategy, protecting research and development investment to help raise productivity and making energy costs more competitive.
ÂThe Welsh and UK governments must work together, and alongside business, for Wales to thrive by developing new and compelling offers for inward investment and export support.Â
