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.
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
2,500 jobs Number of planned job losses
Announcement Date
26 January 2009
Employment effect (start)
Foreseen end date
Description
Corus, a steel producer, is to cut 2,500 jobs across the UK. The cuts are blamed on falling demand and amount to about 10% of the company's UK workforce. 1,100 of the cuts will occur in company operations in Wales and the rest in different UK sites including 713 in Rotherham, 108 in West Midlands, 93 in Scunthorpe, 61 in Wolverhampton and 80 in Scotland. The company hopes to implement the job losses through voluntary redundancies and has also asked for financial aid from the UK Government. As of January 2009, there is no information o when the job cuts will occur.
Eurofound (2009), Corus, Internal restructuring in United Kingdom, factsheet number 68024, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68024.
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