Tata Steel is to shed hundreds of jobs at its plant in Port Talbot. And the reasons?
Chief executive Karl Koehler said the changes were vital if the company was to remain competitive.
He pointed to the UK's high business rates and "uncompetitive" energy costs as factors in the decision.
So despite all those people who claim that energy costs are nothing to do with the flight of heavy industry from these shores, it seems quite clear that it is in fact an important factor.
It's interesting to consider that most of those who have been flung out of work probably voted for the area's Labour MP Hywel Francis, a proponent of an decarbonisation target during the passage of the recent Energy Bill (and apparently a former communist!). Francis is to stand down at the next election, replaced by the red prince, Stephen Kinnock, another keen advocate of renewables. So to some extent the people of Port Talbot may be the authors of their own misfortunes.
Neither the MP nor his prospective replacement appears to have commented on the news as yet. In such circumstances, keeping one's head down is probably wise.