NEW DELHI, May 30 (Reuters) - India's Tata Steel (TISC.NS) New Tab, opens new tab wants to accelerate efforts towards decarbonisation in Britain, its chief executive said on Thursday, in the backdrop of trade unions voting to strike against the company's plans to cut jobs.

"We want to move fast and build the new electric arc furnace faster, so that's why, for us, the timelines are clear," Tata Steel CEO and Managing Director T. V. Narendran told Reuters in an interview.

The company is in the process of closing its two blast furnaces in Britain, with a loss of up to 2,800 jobs at its Port Talbot steelworks in Wales. The British trade union community has voted for strike action against these job-cut plans.

The union, which did not give a date for industrial action, said members have voted to demand a better deal for the workforce.

"We will deal with it when it comes to that," Narendran said.

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https://www.reuters.com/markets/commodities/indias-tata-steel-ceo-says-want-move-fast-uk-decarbonisation-2024-05-30/