Internal restructuring
European Union
Location of affected unit(s)
Ireland, France, Netherlands, UK
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.10 - Manufacture of basic iron and steel and of ferro-alloys

400 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2018
Employment effect (start)
17 September 2018
Foreseen end date


British Steel has announced to cut 400 jobs, mostly at Scunthorpe in the UK, but also in other EU countries as Ireland, France and the Netherlands. The decision is related to the weakness of the British currency that pushed up the cost of raw materials. The aim of the cost reduction it to increase investments. The main job cuts will hit management and support functions.

British steel employs 5,000 people, mainly at its UK production sites in Scunthorpe, Teesside and Skinningrove. It belongs to Greybull Capital that bought it in 2016 tfrom the Indian steelmaker Tata.



Eurofound (2018), British Steel, Internal restructuring in European Union, factsheet number 95488, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95488.