TATA BOSS'S £700K BOOST

Fatcat slashing 2,800 steel jobs on £1.6m a year

- JOHN SIDDLE

A TATA Steel boss overseeing 2,800 UK job losses trousered £1.6million last year after a £700,000 pay rise.

Accounts do not name the chief but the top earner is believed to be Dr Henrik Adam, 59, chairman of the Indian-owned steel giant's UK arm.

The massive rise comes despite Tata making annual losses of £674million across British and Dutch operations.

Last week, the company announced plans to cut jobs and close both blast furnaces in Port Talbot, south Wales.

Around 2,500 of the jobs will be lost in the next 18 months, with most losses expected in Port Talbot.