DEFINITION of ‘Mothballing’
The preservation of a production facility without using it to produce. Machinery in a mothballed facility is kept in working order so that production may be restored quickly if needed
Iron and steelmaking at SSI’s Redcar plant in the north-east of England is to be mothballed, with the loss of 1,700 jobs.
The company “paused” production on 18 September citing poor trading conditions and a drop in world steel prices.
SSI UK business director Cornelius Louwrens said the plant could be mothballed for up to five years.
Redcar MP Anna Turley described it as “devastating news”.
“More than 1,000 jobs are to go at Tata Steel plants, mostly in south Wales. Tata said 750 jobs would go in Port Talbot, while 200 support staff elsewhere would be axed. Other job losses would include 15 at Trostre, Llanelli along with jobs going at Hartlepool in north east England and at Corby, Northamptonshire. It said “tough actions are critical in the face of extremely difficult market conditions”
BBC News, ‘Tata steel: Port Talbot faces bulk of 1,050 job losses’
The last vestiges of industrial Britain are dying around us. These are factories which used to supply steel to all types of bushinesses. They supplied businesses where there were ships and planes designed and built. They supplied businesses where there were Industrial Fans made and sold. They where part of a body of connecting work forces that is dead. Not Mothballed. Dead.