Tata Steel Europe has decided to shut down Tata Steel Living Solutions, located at Shotton, North Wales. The unit was established in 2003 and was making modular buildings for the construction industry. The move has put 180 jobs on the block.
The company, in a release, said the company had been in losses since its inception. Tata Steel Building Systems MD Andrew Black said: “It is with great regret that, following a detailed review of the Living Solutions business, we have proposed to withdraw from this business activity.” The company said the continuing weak construction sector, coupled with a few other reasons, led to the decision. Tata Steel Europe is open to selling off the plant if any serious buyers approach it. The operations at Living Solutions are said to be very small compared to Tata Steel Europe and shutting the business will not have any material effect on the company’s financial well being.
