Tata Steel to cut 900 jobs in Britain

Tags: Jobs
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.

EDITORIAL OF THE DAY

  • Stricter deterrent must to force defiant promoters to buy back shares

    The Securities and Exchange Board of India’s (Sebi’s) decision to delist companies that have been suspended from trading on stock exchanges for mo

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture