Tata's Port Talbot management working on buyout plan

Senior staff at Port Talbot, Britain's biggest steel works, are seeking to launch a management buyout plan with the support of staff, investors and the government to save the loss-making plant put up for sale by Tata Steel. The Indian conglomerate put its entire British steel operation up for sale last month, leaving the government battling to save a once mighty industry that has been hammered by a surge in cheap Chinese imports, soaring costs and weak demand. Only one buyer has publicly come fo