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Corus set to cut 2,000 jobs in UK

Corus set to cut 2,000 jobs in UK (corus is a subsidiary of Tata steel )

looks like they are cutting 10% of their uk workforce. but overall it is more than 50% uk job losses as a share of their total cuts today. wonder if it is something to do with regard to the carbon credits scheme making it costlier for them to do business here in the uk apart from the general downturn. i remember reading something about Tata grumbling about the carbon credits being the reason why they were considering gearing down corus in the uk.
bubblesmoney :hello:

Comments

  • I dare bet that the North East is the one that get the worst hit
  • mark5
    mark5 Posts: 1,365 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Llanwern will take the hammering!
  • piggeh
    piggeh Posts: 1,723 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I think you'll find the BBC have revised their headline figure - 2,500 now
    matched betting: £879.63
  • barnabee
    barnabee Posts: 1,210 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Llanwern is the blot on the landscape for the Ryder Cup at the nearby Celtic Manor. Wouldn't it be 'convenient' if it were to suffer in the announcement tomorrow morning.
    Still don't understand why people in Newport keep voting Labour year in year out.
  • mark5
    mark5 Posts: 1,365 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I dont understand why the whole of Wales votes Labour year in, year out?
  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    mark5 wrote: »
    I dont understand why the whole of Wales votes Labour year in, year out?

    Thatcher and Mining...... Simple as,:confused:
    And yes Llanwern will take it in the bo11ox once again.
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • mark5
    mark5 Posts: 1,365 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    530 jobs gone at Llanwern

    700 in Rotheram.
  • All those poor people - when the heck is this going to stop!!
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    All those poor people - when the heck is this going to stop!!

    Not this year I shouldn't think. Possibly not next year either although perhaps things could be starting to stabilise by the end of next year.

    "It's a big old sh[poo]it sandwich and we're all going to have to take a bite"...
  • Middlesbrough's Evening Gazette report made me chuckle despite the gloomy story.
    He (managing director Jon Bolton) said while the new owners could not give cast iron guarantees about future staffing levels, there would be no impact on jobs as part of the 2,500 cuts announced by Corus today.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
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