Tata Steel to cut 900 jobs in Britain

Tata Steel said on Friday it would cut 900 jobs across the UK as part of a restructuring plan aimed at improving its performance in "changing markets".

The group said 580 jobs would go in south Wales with the rest being cut in England as part of proposals to restructure its management and administrative functions and reduce the number of steel finishing and processing sites by 12.

"Today's proposals are part of a strategy to transform ourselves into an 'all-weather' steel producer, capable of succeeding in difficult economic conditions," Karl Koehler, Chief Executive of Tata Steel's European operations, said in a statement.

Tata Steel also announced that it would re-start one of two blast furnaces at Port Talbot early next year as part of a 250 million pounds investment programme.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks must learn from past mistakes to promote financial inclusion

    Prime minister Narendra Modi launched a massive financial inclusion programme yesterday titled “pradhan mantri jan dhan yojana’ (PMJDY), that will

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

West Asia turmoil worries east Asia

From Beijing to Jakarta, from Manila to Tokyo, east Asian ...

Parvez Imam

Sowing the seeds of love for hatred

No wonder we have a whole lot of talking going ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture