Corus

Type
Internal restructuring
Country
United Kingdom
Region
Yorkshire and the Humber; South Yorkshire; Sheffield
Location of affected unit(s)
Stocksbridge (Yorkshire)
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys
24.1 - Manufacture of basic iron and steel and of ferro-alloys
1,150 jobs
Number of planned job losses
Job loss
Announcement Date
1 May 2003
Employment effect (start)
Foreseen end date

Description

Restructuring plan of Corus will dismiss 1150 workers at the unit of Stocksbridge. A further 2,200 jobs are in doubt as Corus plans to restructure all its UK operations.

The other main causes of Corus's troubles were oversupply, cheap competition and a strong pound.

Sources

  • 1 May 2003: The Guardian

Citation

Eurofound (2003), Corus, Internal restructuring in United Kingdom, factsheet number 59936, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59936.