Tata Steel to cut 900 jobs in Britain

The firm says it also plans to close 12 sites as part of a restructuring to improve competitiveness of its UK operations
AFP Mail Me
Comment E-mail Print Share
First Published: Fri, Nov 23 2012. 05 36 PM IST
Tata Steel says the proposed changes are expected to lead to a net loss of 900 jobs, including 580 in south Wales.
Tata Steel says the proposed changes are expected to lead to a net loss of 900 jobs, including 580 in south Wales.
London: Tata Steel Ltd intends to cut 900 jobs at its British operations and close 12 sites, the firm said on Friday, in a major restructuring to respond to “difficult” trading conditions.
“Tata Steel has today announced restructuring proposals to improve the competitiveness of its UK operations so they can successfully perform in changing markets,” it said in a statement.
“The proposed changes are expected to lead to a net loss of 900 jobs”—including 580 in south Wales, it added.
“These restructuring proposals will help make our business more successful and sustainable, but the job losses are regrettable and I know this will be a difficult and unsettling time for the employees and their families affected,” said Karl Koehler, chief executive of Tata Steel’s European operations.
He added in the statement that the restructuring would transform the group into a steel maker “capable of succeeding in difficult economic conditions”.
Comment E-mail Print Share
First Published: Fri, Nov 23 2012. 05 36 PM IST
blog comments powered by Disqus
  • Wed, Oct 15 2014. 11 40 PM
  • Wed, Oct 08 2014. 03 02 PM
Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved