The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
886 jobs Number of planned job losses
120 jobs Number of planned job creations
Announcement Date
23 November 2012
Employment effect (start)
Foreseen end date
Description
Tata Steel has announced plans to cut 886 jobs across the UK. 584 jobs will go in South Wales, 155 in Yorkshire, 117 in the West Midlands and 30 at Teeside.
Most of the cuts in South Wales will affect managerial and administrative positions in Port Talbot, while sites in Crosskeys and Blaenau Gwent will close. Shift levels at the company's Rotherham and Hartlepool plants will be reduced in order to match production to lower demand for bar products and pipelines.
The company said it aimed at reducing the impact of the restructuring on staff and implementing most of the cuts through voluntary redundancies.
The company will also create 120 jobs at a new hot strip rolling mill at Llanwern.
Sources
23 December 2012: BBC News
23 November 2012: BBC News
Citation
Eurofound (2012), Tata Steel, Internal restructuring in United Kingdom, factsheet number 74577, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74577.
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