London, UK (BBN)-Tata Steel will cut 1,050 more UK jobs, with most of the redundancies to be in Port Talbot, the UK’s biggest steelworks, the BBC understands.
It comes on top of hundreds of cuts announced by Tata last year, which it blamed on plunging steel prices, reports BBC.
Around 750 of the latest job losses are expected in Port Talbot to help save the Welsh site, according to BBC business correspondent Joe Lynam.
Tata said it would not comment on the plans.
Port Talbot, which currently employs 4,000 workers, is the biggest steel plant in Britain in terms of workforce and output, but is understood to be losing £1m a day.
The cuts could be confirmed as soon as Monday morning, the BBC understands.
A government spokesman said: “While this remains unconfirmed by the company, these reports are concerning and we are monitoring the situation closely.
“The government continues to engage closely with Tata on how we can help during this difficult period for the sector.”
Thousands of steel industry jobs were lost in 2015 with cutbacks and the closure of plants in England and Scotland involving Tata and other companies.
Trade unions and local politicians have called for urgent action from the UK government to prevent further job losses.
In October, the Indian firm announced nearly 1,200 roles were to be axed in Scunthorpe and Lanarkshire.