The company is run by a Clive Howells. Does he have Labour Party connections?

In 2016 I explained the Myth 9, above, relating to the pension fund. I also warned the dangers of offloading this to city spivs. Now it’s finally been exposed that the Welsh Government decided to grant £118,500 to an enterprise doing exactly that. The pension funded was looted and the pensioners were robbed.
https://www.bbc.co.uk/news/uk-wales-50183915
An event such as this just shows that the Labour Party in Wales are only acting for the spivs in London and care nothing about the people of Wales. I pointed this out on this blog at the time.

Update – When I said “joint venture deal with Thyssen in Germany” in April 2016, not only was I right, but this, despite being let down by the Westminster Government and the British nationalist mutterings of Stephen Kinnock, was the right way to go. ThyssenKrupp agreed to merge with Tata as of June 2018. My comment about the pension funds being boyant and a tradable asset last year, was not only correct, but sadly, many holders of this pension scheme were scammed into accepting lower value conversions in a government sell off. This is a Jacothenorth blog boasting “I told you so”.

In September 2017 the Welsh Government paid over the £60m financial aid package to Tata Steel. It was conditional on Welsh jobs being protected. One month on November 2017 we now find that 70 high tech jobs at Port Talbot are being transferred to India. The Welsh technicians, mainly IT and process control staff, are to loose their roles as they are being moved. The staff reductions were pre-planned as anyone with half a brain would have spotted that Tata were already in the process of re-deploying such grades at their other site at Ijmuiden, Netherlands. It was evident at the time the Welsh Government aid package was mooted. Two imbeciles – Carwyn and Kinnock. They might as well have just thrown the cash into the top of a blast furnace.

http://www.theguardian.com/business/2016/apr/13/chances-of-rescue-deal-for-tata-steels-entire-uk-business-remote

The Government has retained Ernst and Young to advise it re: TATA. TATA has retained PWC to advise on the sale of the business, and KPMG to advise on the pension fund. Boy, are these three firms going to clean up……..trebles all round, as they say!

But I still don’t think it’s Peter the Pies, brother to Stan, and owner of Cardiff Blues.

Yes, I saw that and wondered which Peter Thomas he might be. http://bit.ly/1dNf1gs I found him listed as “CEO of Insight in Infrastructure and is a former head of IT audit at AON”.