United Kingdom
Yorkshire and the Humber; South Yorkshire; Sheffield
Location of affected unit(s)
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.52 - Casting of steel

670 jobs
Number of planned job losses
Job loss
Announcement Date
25 October 2005
Employment effect (start)
Foreseen end date
31 March 2006


Finnish giant Outokumpu, one of Sheffield's largest stainless steel producers has announced it is to make almost 700 workers redundant. The company is to close its Coil Products Sheffield (CPS) plant in Tinsley with the loss of 570 jobs as it switches production to Finland. A further 100 jobs will be cut at the neighbouring melt shop as the company cuts capacity to cope with an oversupply of steel on global markets. The CPS site is expected to close by the end of the first quarter in 2006. The Engineering Employers' Federation (EEF) said the news was 'a significant blow for the Sheffield area'.

In a statement, Outokumpu said consultation with the Sheffield workforce and the steelworkers' trade union Community would commence immediately. Chief executive Juha Rantanen said: 'Our aim in the next weeks and months is to work with union representatives to develop proposals that will support the transition of all CPS employees through this difficult time. But he said the loss-making CPS site was a high-cost operation which could not compete with more cost-efficient rivals.


  • 25 October 2005: BBC News


Eurofound (2005), Outokumpu, Closure in United Kingdom, factsheet number 62434, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62434.