900 jobs to go at Tata Steel
900 jobs are to be axed at Tata Steel's Scunthorpe site. The losses are among around 1200 job cuts announced by Tata Steel today.
900 jobs are to be axed at Tata Steel's Scunthorpe site. The losses are among around 1200 job cuts announced by Tata Steel today.
Tata Steel are to press ahead with an expected 900 job cuts, after unions were unable to find viable ways to restructure the business.
A consultancy group were called in to examine aid in trying to find a way to reduce the number of cuts - but were unable to make recommendations Tata found workable.
However, Tata say they are still in a period of consultancy, and exploring all options:
"The bar business has been underperforming in the face of commodity-grade steel being un-fairly traded in the UK, the strong pound and high energy costs. This led to a decision, after examining all the options, of refocussing on higher-value markets which can help the company reduce its losses and turn the corner to profitability in the future
"While Tata Steel is thankful of the work done by the Trade Unions via their consultants, Syndex, none of the recommendations proposed would have given us the solid base required to ensure we can continue to employ around 1,500 people in South Yorkshire as we continue to operate against strong market headwinds.
"We continue to work closely with potentially affected employees and their trade union representatives."
There are hopes that the jobs could be saved in the UK steel industry with potential sale of Scunthorpe-based business.
As the UK steel industry comes perilously close to collapse, Nina Nannar reflects on her own upbringing in the shadow of Scunthorpe's plant.
As Tata Steel announces 900 job losses, what will be the affect on the town of Scunthorpe?