Company/Organisation:
TATA Steel Long Products
Geographic Location
Country:
United Kingdom
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
Group:
TATA Steel
Employment Effects
Announcement Date:
20-05-2011
Planned Job Reductions min:
1050
Planned Job Reductions max:
1500
Type of Restructuring:
Internal restructuring
Additional Information
Tata Steel will cut up to 1500 jobs at its Long Products division. 1200 jobs will be cut in Scunthorpe and 300 in Teesside. The cuts are blamed on falling demand for steel. The company may revise its total job reduction in Scunthorpe from 1,200 to 750 after discussions with trade unions. Unions have proposed other cost saving methods such as flexible working arrangements and reductions in overtime pay and bonuses.
Sources:
20-05-2011BBC News
27-07-2011Steel Guru
Sources Links:
http://www.bbc.co.uk/news/business-13469088
http://www.steelguru.com/international_news/450_jobs_could_be_saved_in_TATA_Steel_Scunthorpe_plant/216845.html