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Tata Steel director given leave of absence to help develop management buyout

Published 25/04/2016

Port Talbot has been at the centre of concerns about the steel industry
Port Talbot has been at the centre of concerns about the steel industry

A director at steel giant Tata has been given temporary leave of absence to help develop a management buyout of the firm's UK business.

Stuart Wilkie, currently hub director for Tata Steel Europe's Strip Products UK business, is helping to put together a group of business people interested in buying plants including Port Talbot in South Wales.

Mr Wilkie will be replaced on a temporary basis by Jon Ferriman, currently leading the project management office for Tata Steel Europe.

A statement said: "As communicated on April 20, Tata Steel Europe welcomes credible expressions of interest for Tata Steel's UK operations.

"All expressions of interest, including any management buyout proposals, will be considered when received. In the interests of all stakeholders, every credible expression of interest will enter the same rigorous assessment process to ensure the best value and prospects of sustainability for Tata Steel UK."

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