EMCC European Monitoring Centre on Change

Corus

Company/Organisation:
Corus

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Number Employed: 42000
Group: Tata Steel

Employment Effects

Announcement Date: 26-01-2009
Planned Job Reductions min: 3500
Planned Job Reductions max: 3500
Type of Restructuring: Internal restructuring

Additional Information

Corus, a large steel producer, is to cut 3,500 jobs worldwide. The jobs were blamed on steep falls in demand from different industries including carmaking, shipbuilding, construction and heavy engineering. The company committed to make every effort to implement the job losses through voluntary redundancies. Corus belongs to Tata Steel and employs 42,000 staff worldwide. As of January 2009, there is no information on when the job losses will occur.