According to a Financial Express report Tata Steel may cut around 500 jobs in UK as a recovering Europe does not offer any respite to the company’s business. This means that eight out of every hundred people working in Tata Steel Europe’s long products facility will lose their jobs.
In a statement issued on Tuesday, the company said it was looking at restructuring its long products business in the United Kingdom, which would include downsizing almost 500 people from the management and administrative functions. This will mainly include people working in its Scunthorpe facility and its Teeside and Workington sites. The report mentions a company note as saying, “About 340 positions could be affected in Scunthorpe, 90 in Workington and 40 in Teeside.”
Read the complete report here