I was surprised to hear that there were still a couple of steel makers left in the UK.
Corus is set to cut up to 3,500 jobs, raising fears that manufacturers will unleash a fresh wave of redundancies this week. The steelmaker, owned by Tata, the Indian conglomerate, will announce cuts today in what is likely to be one of the worst single job culls since the recession took hold, it is understood.
It is not clear how many of the 3,500 jobs cut will be in Britain, but 24,000 of Corus’s global workforce of 42,000 people are based in the UK.
Monday, January 26, 2009
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