Tata Steel has been accused of “bully boy” tactics after demanding its suppliers slash their prices by 30pc as it attempts to pass on the cost of the steel crisis.
The Indian-owned company has written to businesses in its supply chain telling them it requires an immediate 10pc price reduction on all purchases, and plans to increase the cuts to 30pc.
Either Tata gets cost reductions from its suppliers or it goes bust and the suppliers get £0 in business from Tata.
It’s the same with wages: sure, we’d all love it if the workers were paid more. But forcing that means that some of them will get paid £0.