Best Companies 2018

Tata Steel expected to cut 1000 jobs in UK: Reports

Burdened by poor demand, high energy cost and stiff competition from China Tata Steel is expected to cut 1000 jobs in UK, as per some reports in media.

Tata Steel expected to cut 1000 jobs in UK: Reports
MUMBAI: Burdened by poor demand, high energy cost and stiff competition from China Tata Steel is expected to cut 1000 jobs in UK, according to media reports.

“We’ve been talking about the challenges we're facing in the UK for many months - surging imports, compounded by the strong pound and uncompetitive policy costs," Tata Steel company spokesman said.

"We've made a number of structural changes to our UK business over the last months and years to make us more competitive. Like all companies we continue to review the performance of our business."

Trade unions found the news worrying and said it will seek alternatives to possible job cuts.

"This is yet another blow to our steel communities, demonstrates the precarious state of the UK steel industry and emphasises the need for government action," said Roy Rickhuss, General Secretary of Community, which represents the majority of those affected.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Related Companies

More from our Partners

Loading next story
Business News › Careers › Tata Steel expected to cut 1000 jobs in UK: Reports
Text Size:AAA
Success
This article has been saved

*

+