Steel giant Tata to axe 110 jobs
Wednesday 25 January 2012
Steel giant Tata is to axe 110 jobs at one of its main UK plants under a “recovery plan”, it has announced.
The cuts will hit the Corby site in Northamptonshire, part of the firm's Tubes business, which is also cutting almost 100 jobs at three other factories in Europe.
Tata said the move was aimed at matching business operations to market demand and focused on efficiency improvements and cost reductions in response to weak economic conditions.
Remco Blaauw, managing director of Tata Steel's European Tube business, said: "Our announcement today follows a detailed review of all our European tubes activities.
"In response to the prolonged downturn in all European markets for tubes, and in the context of intense competition, the measures announced today are designed to bring these sites into a sustainable financial position.
"Our priority is to minimise the impact on our employees, and to assist affected colleagues through a difficult process.
"Our goal is to secure a sustainable tubes business which will not only weather the current economic storm, but can prosper in the future."
Michael Leahy, general secretary of the Community union, said: "This is a massive blow for the workforce in Corby who have done everything expected of them to keep the site viable.
"The impact on the local community and families will be particularly hard.
"We are arranging an urgent meeting with Tata Steel Tubes to demand assurances there will be no compulsory redundancies and to explore all other options available.
"We also want a clear commitment from Tata Steel to the long-term security of the site at Corby."
- 1 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 David Beckham's Haig Club whisky is exactly what’s wrong with the Highlands
- 4 Queen's first tweet: Reply telling Her Majesty to 'f*** off' broadcast on BBC News
- 5 #AskNigelFarage: Twitter starts hilarious Q&A for Ukip leader
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Tony Blair 'says Ed Miliband will lose 2015 general election'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Putin: The US is to blame for almost all the world's major conflicts
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...