Tata Announce Major Job Cuts In The UK

Tata’s New Port Talbot Blast Furnace

Tata Steel has announced that around 900 jobs will be cut from Tata.

Tata is closing 12 sites and Wales suffer the most. It is understood that 584 jobs going in Wales. White collar management staff in Port Talbot going too.

Staff were asked to reduced their hours during the summer to help save money, however, this has not been enough.

A reduction in demand for steel globally saw deliveries in Europe fall by 9.5% over the last year.

New blast furnace in Port Talbot will be opening next year which should create some new jobs.

Many of the workers are only just being informed.

It was only in May 2011 that 1500 jobs were lost from Tata’s Scunthorpe, Redcar and Teesside plants. British Steel is in turmoil.

Courus Takeover

Tata Steel took over UK steel maker Courus when the Anglo-Dutch company accepted a £4.3 billion takeover offer. Courus employed 24,000 people in the UK at the time of the takeover. Courus was formed after the merger of British Steel and Dutch group Hoogovens.

Tata Steel is an Indian multinational steel manufacturer. It is the 12th largest steel manufacturer in the world. Its headquarters are in Mumbai.

Leave a Reply

Your email address will not be published. Required fields are marked *