London : Grappling for survival, Tata Steel announced it will cut 1,050 more jobs in the UK, including the country’s biggest steel plant, as part of the Indian steel giant’s broader cost-reduction plan for its business amid “unfair” steel imports from China.
Today’s “cost-saving” proposal comes over and above the October lay-off of 1,200 roles employed by Britain’s biggest steelmaker, that also appealed to the EU to take urgent action to check the imports in the country for a level-playing field, reports PTI.
This would mean the loss of 750 jobs at its Welsh Port Talbot-based Strip Products UK business which currently employs 4,000 workers and is the biggest steel plant in Britain in terms of workforce and output. There will also be 200 job cuts in support functions at the unit and a further 100 jobs across its steel mills at Trostre in Wales, and Corby and Hartlepool in England.
The proposed changes follow continued falls in the European steel price caused by a flood of cheap imports, particularly from China, the company said. Karl Koehler, chief executive of Tata Steel’s European operations, said: “We need the European Commission to accelerate its response to unfairly traded imports and increase the robustness of its actions. Not doing so threatens the future of the entire European steel industry”.
