Corus announces further measures to improve its competitiveness

Corus announces additional measures that build on the restructuring programme the company announced in January 2009. These measures involve opening consultations on a series of further job reductions, which have become necessary because of the worldwide economic downturn and, in particular, the decline in steel demand in Europe and America. The consultation process identifies 2 045 jobs as being at risk. Some 1 500 of these are in the company's production facilities: about 800 at the engineering steels sites, mainly Rotherham and Stocksbridge; about 370 in Corus Tubes in the UK and the Netherlands, and about 375 at downstream rolling and finishing plants in Teesside and Scotland. The company is also opening consultations on 500 white-collar jobs throughout the Corus Long Products division, the majority at Scunthorpe.

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