1,600 jobs to go as Teesside Cast Products Plant is mothballed
A major steel plant which was handed a temporary reprieve will now close at the end of the week with the loss of 1,600 jobs.
The Teesside Cast Products Plant (TCP) run by Corus will finally be mothballed on Friday - three weeks after the Redcar site was initially planned to shut down.
Local Labour MP Vera Baird said the rising price of steel could give the town's major employer a future, and she hoped it could swiftly reopen if a buyer was found.
She said: "There are credible people interested in taking this plant on to give it the future it deserves and Corus have agreed to keep the blast furnace 'like a baby' so that it can come back to work again quickly.
"The steel slab price is going up and if this mothballing step has to be taken we need to keep our skilled people in place for the new day which may dawn soon.
"The Government has said throughout that if there is a future as a going concern, we will support TCP in the interim.
"We now have to get some real focus into how that can apply."
Workers were told yesterday that Friday would be the last day of steel production.
The plant was due to close Last month but Corus announced it would carry on working for some more weeks, while raw materials were used up.
Geoff Waterfield, chairman of the multi-union committee, told the Northern Echo newspaper: "The workforce will be gutted, although they are not surprised - it is something we have all been aware of.
"A lot of people have been working hard for a solution and the workforce had hoped we would get a solution."
Corus blamed the closure on an international consortium which pulled out of a contract to buy most of the plant's output for 10 years.
Kirstie Allsopp has waded into the female fertility debate again
...and it wasn't caused by an asteroid crash, as first thought
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered...
- 3 35,000 walrus gather on north-west Alaska beach 'for a rest'
- 4 Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Stella McCartney apologises over controversial 'very ill' model picture on Instagram
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Prince held a Facebook Q&A and this is the only question he answered...
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Cheryl Cole named 'the most dangerous celebrity' on the internet
Former Tory donor Arron Banks ups his Ukip donation to £1million following William Hague 'nobody' comment
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...