Ten years before steel recovery
Another 400 job cuts have just been announced by Corus, the UK’s biggest steel provider, which was formerly British Steel. This brings the total Corus jobs axed this year to around 5000 according to Sky News, almost 1000 of which are at the Scunthorpe factory.
What’s of further concern to those working within the steel industries is their statement that “it may take 10 years before trade is back to 2009 levels”.
See the full story here.
Related articles:
- Steel cost set to remain stable in 2009 The British Constructional Steelwork Association have released the following forecast regarding...
- How much will steel Eurocodes cost? it just about amounts to a full scale mutiny...