Corus announces further 366 job losses at Scunthorpe plant
Britain’s largest Steelmaker Corus is axing a further 366 jobs at its Scunthorpe plant and follows on from the 2,000 job losses announced last month, which included 500 in Scunthorpe.
Corus, which is Europe’s second-largest steelmaker and the ninth largest in the world, was created over a decade ago from the merger of British Steel and Dutch firm Hoogovens.
The steel giant announced 3,500 job losses (with 2,000 in the UK) back in January and has been hit by a slump in demand. It produces 20 million tonnes of crude steel every year and has annual revenues of around £12 billion.
Last month, the group said the recession was “much deeper than expected” and warned that it may take at least a decade before trade is back to “normal” levels seen in 2007.
Michael Leahy, general secretary of the steelworkers’ union Community, said: “This announcement adds insult to injury for Scunthorpe steelworkers.
“We keep hoping the job losses are ending and then another announcement comes along. We are disappointed an agreement could not be reached that would prevent job losses.”
“In the coming months, Community will be supporting our members throughout the consultation period and opposing hard redundancies,” added Mr Leahy.
Visited 2432 times, 3 so far today
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.