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 - Manufacture of basic metals
3,500 jobs Number of planned job losses
Announcement Date
26 January 2009
Employment effect (start)
Foreseen end date
Description
On 26 January Anglo-Dutch steel manufacturer Corus - part of the India-based Tata-group - announced that it will cut 3,500 jobs. The majority of the job cuts (2,500) will occur in the UK, another 800 in IJmuiden (Netherlands) and the remaining 200 elsewhere in Europe. The job losses are attributed to the shart fall in demand for steel worldwide. Corus tries to avoid forced dismissals. The Dutch central works council and the unions have stated they will not accept forced dismissals. Moreover, they believe that cutting jobs now is unwise, because in the near future when the economy recovers every employee will be needed.
In the Netherlands, 6,400 Corus employees work shorter hours. This reduction in working time is financed with public money. The employees receive training. Corus has contacted the British govermnet requesting a similar program in the UK.
Sources
27 January 2009: Het Financieele Dagblad
26 January 2009: NRC Handelsblad
Citation
Eurofound (2009), Corus, Internal restructuring in European Union, factsheet number 68067, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68067.
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