Corus plant closure may cost 10k jobs

LONDON: Nearly 10,000 jobs are under threat as Tata Steel's European arm Corus is mulling closing of one of its mills in England after a group of buyers terminated a contract to buy the unit's 80% produce for 10 years. "Not only did the consortium's decision spell the end for an estimated 3,000 steel workers in the area, but a further 7,000 jobs in the supply train are also threatened," the Daily Mail newspaper reported in its on line edition.

A senior Corus official said that direct and indirect job losses are imminent with closure of industrial operations, though he did not confirm to such a figure. "We have 1,920 employees on the company's roll and 1,000 contractual workers. There jobs are under threat. There will be indirect job losses too but we cannot confirm the figure," the official said.