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
1,922 - 2,515 jobs Number of planned job losses
Announcement Date
25 June 2009
Employment effect (start)
Foreseen end date
Description
Steelmaker Corus is to cut up to 2,000 jobs across the UK. The cuts are blamed on low demand for steel due to the severe impact of the recession on the British steel industry. Most of the cuts will affect staff in Scunthorpe (500), Stocksbridge (379), Rotherham (377), Teesside (150) and Hartlepool (156). Trade unions called for government intervention. As of 28 June 2009 no date has been given for the implementation of the redundancies nor any information on job reduction measures.
Update:
Corus has announced a further 366 jobs losses at Scunthorpe and that 149 jobs are under threat at Port Talbot and Llanwern.
Eurofound (2009), Corus, Internal restructuring in United Kingdom, factsheet number 69163, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69163.
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