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Home » Topics » Job News » Indian steel firm axes jobs for 1,500 workers

Indian steel firm axes jobs for 1,500 workers

Last updated : 22 May 2011

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  • May 22, 2011 at 11:07 am #32072
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    STEEL giant Tata is axing 1,500 British jobs in a “devastating” blow to the industry, it emerged yesterday.

    The shock decision means that around 1,200 posts will go at its plant in Scunthorpe, Lincolnshire, with another 300 on Teesside. They make construction beams.

    The Indian-owned firm said demand was two-thirds of the 2007 level – and was not expected to recover for FIVE years.

    Keith Hazlewood, of the General, Municipal, Boilermakers, and Allied Trade Union, said: “The job losses are a devastating blow to UK steel making, to the communities and the economy.”

    Business Secretary Vince Cable said: “I have asked our local team to establish a task force to mitigate the impact.”

    Tata employs 80,000 people around the world and owns Jaguar Land Rover. Boss Karl-Ulrich Kohler added: “The business has no future in its current form.”

    source
    http://www.thesun.co.uk/sol/homepage/news/3593122/Steel-giant-Tata-is-axing-1500-British-jobs-in-a-devastating-blow-to-the-industry.html

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