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Tata Steel to cut 1,500 UK jobs Tata Steel to cut 1,500 UK jobs
(40 minutes later)
Tata Steel is set to cut 1,500 jobs at sites in the North of England.Tata Steel is set to cut 1,500 jobs at sites in the North of England.
The Indian steel giant has proposed cutting 1,200 jobs in Scunthorpe and 300 in Teesside at its Long Products division, which is loss-making due to falling demand for steel, Tata said.The Indian steel giant has proposed cutting 1,200 jobs in Scunthorpe and 300 in Teesside at its Long Products division, which is loss-making due to falling demand for steel, Tata said.
The firm also said it would invest £400m in the division over the next five years to help turn it around.The firm also said it would invest £400m in the division over the next five years to help turn it around.
Tata is one of the biggest steel makers in the world, with operations in 26 countries.Tata is one of the biggest steel makers in the world, with operations in 26 countries.
In 2010, the company, which employs more than 80,000 people worldwide, recorded a turnover of $22.8bn (£14bn).In 2010, the company, which employs more than 80,000 people worldwide, recorded a turnover of $22.8bn (£14bn).
'Careful scrutiny''Careful scrutiny'
The firm said demand for structural steel in the UK was only two-thirds of the level seen in 2007 and "is not expected to fully recover within the next five years".The firm said demand for structural steel in the UK was only two-thirds of the level seen in 2007 and "is not expected to fully recover within the next five years".
As a result it proposed closing or mothballing parts of the Scunthorpe plant.As a result it proposed closing or mothballing parts of the Scunthorpe plant.
"We are proposing to take these actions only after going through an inclusive consultative process that involved very careful scrutiny of the Long Products business performance," said Karl-Ulrich Kohler, chief executive of Tata Steel's European operations."We are proposing to take these actions only after going through an inclusive consultative process that involved very careful scrutiny of the Long Products business performance," said Karl-Ulrich Kohler, chief executive of Tata Steel's European operations.
He said the company would do "everything we can to provide [employees] with support and assistance".He said the company would do "everything we can to provide [employees] with support and assistance".
George Dunning, leader of Redcar & Cleveland Borough Council, said the job losses on Teesside would represent a "bitter blow" for the local economy. Unions said the job losses would have a real impact on local communities.
"This is a real blow for the region," said Unite's national officer Paul Reuter.
"We have already demanded that there should be no compulsory redundancies and we believe that this should be possible to achieve."
George Dunning, leader of Redcar & Cleveland Borough Council, also said the job losses on Teesside would represent a "bitter blow" for the local economy.
However, he said the council, along with Jobcentre Plus, would do all they could to support those affected.However, he said the council, along with Jobcentre Plus, would do all they could to support those affected.
"We have a strong track record of responding swiftly to precisely this kind of situation," he said."We have a strong track record of responding swiftly to precisely this kind of situation," he said.
Tata has recently announced a number of investments in its Scottish and Welsh plants, including an £8m investment at its Clydebridge plant near Glasgow and a £53m investment at its Port Talbot plant.Tata has recently announced a number of investments in its Scottish and Welsh plants, including an £8m investment at its Clydebridge plant near Glasgow and a £53m investment at its Port Talbot plant.
Do you work for Tata Steel? Will you be affected by the job cuts? You can send us your experiences using the form below.Do you work for Tata Steel? Will you be affected by the job cuts? You can send us your experiences using the form below.