Categorized | Construction

Tata Steel Axing Jobs

Posted on 24 November 2012 by editor

Tata Steel has announced plans to close four sites in the region and is axing over 100 jobs. The firm which employs over 19,000 staff across the UK has said 53 jobs are to be axed at Wombourne, 18 from Kingswinford, 36 at Dudley and 82 at the Cradley site. In total it is closing 12 sites across the UK and axing over 900 jobs.

Tata blames the european market, where it has seen a 25% reduction in steel, and forecasting saying more is to come.

Karl Kohler, Chief Executive of Tata Steel’s European operations, said: “These restructuring proposals will help make our business more successful and sustainable, but the job losses are regrettable. We will do everything we can to reduce the impact of the proposals on employees and, where possible, we will look to achieve job losses through voluntary redundancies.”

The trade Union has said it is very angry and upset with the news, particularly when the jobs being axed are from loyal employees who once were employed by Corus.

The news is a further blow to the region, earlier this week Premier Foods announced plans to cut is workforce in the region by 500.

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