Tata Steel, Europe’s second-largest steel producer, said on Tuesday it could cut around 500 jobs under plans to restructure the part of its British business that supplies the construction and engineering industries.
Changes to its long products business – which makes tubes, rails and rods, used in many industrial sectors – will affect management and administrative jobs at sites in northern England, primarily Scunthorpe, where 340 positions could be lost, Tata said.
It blamed a prolonged downturn in demand, particularly for construction steel in Britain, a market which is at about half of 2007 levels.
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via Tata Steel says could cut around 500 UK jobs | Reuters.
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