Tata Steel UK announces cost reduction changes

To improve competitiveness of its UK business

Tata Steel UK, an indirect subsidiary of Tata Steel, has announced cost-saving proposals to improve the competitiveness of its UK business.

The plans would lead to the loss of 1,050 jobs - 750 jobs at its Port Talbot-based Strip Products UK business, 200 jobs in support functions and a further 100 jobs at steel mills in Trostre, Corby and Hartlepool.

The proposed changes follow continued falls in the European steel price caused by a flood of cheap imports, particularly from China.

A full consultation process with employee representatives will begin immediately.

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