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
400 jobs Number of planned job losses
Announcement Date
6 November 2008
Employment effect (start)
Foreseen end date
Description
Corus, a steel company and member of the Tata Steel Group, is to cut 400 jobs from its distribution business. The job losses reflect falling demand due to the economic turmoil. The cuts include 100 in the West Midlands, about 100 in Shotton (North Wales), 50 in South Wales and 50 in Leeds. As of November 2008 there is no information on when the job losses will be implemented by or where the remaining 100 jobs will be cut from.
Sources
7 November 2008: The Guardian
Citation
Eurofound (2008), Corus, Internal restructuring in United Kingdom, factsheet number 67348, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67348.
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