Monday, January 18, 2016

Tata Steel : Going to cut 1,050 jobs in Britain Country 18 Jan, 2016

Share tips : The largest steelmaker in Britain i.e; "Tata Steel", will axe 1,050 jobs in the country, Sky News reported on yesterday, on top of the 1,170 cuts it declared previous year due to low steel prices. The steelmaker said in Oct it could cut 900 jobs in Scunthorpe in Northern England & 270 in Scotland. On yesterday, Sky News reported the firm would cut 750 jobs at its Port Talbot plant in Wales and 300 at other British sites.

English steelmakers pay few of the largest energy costs & the green taxes in the world and are also fighting to compete with record Chinese steel imports. Tata Steel did not immediately respond to a request for comment when contacted by Reuters. Sky News told the company would declare the cuts today.

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