The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Yorkshire and the Humber; East Riding and North Lincolnshire; North and North East Lincolnshire
Location of affected unit(s)
Scunthorpe
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
236 jobs Number of planned job losses
Announcement Date
28 April 2004
Employment effect (start)
Foreseen end date
Description
Corus, the Anglo-Dutch steel group, accelerated the retrenchment of its UK operations yesterday by announcing the closure of its heavy section mill at Scunthorpe later this year with the loss of 156 jobs. It is shedding a further 80 jobs at the Lincolnshire plant. Corus sugared the pill of further job losses by saying it would invest £32m in steelmaking and production facilities for rod and plate products at Scunthorpe - on top of £12m already put in to modernise the plant this year.
Sources
28 April 2004: The Guardian
Citation
Eurofound (2004), Corus, Internal restructuring in United Kingdom, factsheet number 60304, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60304.
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