LONDON - Steelmaker Corus, owned by Indian interests, said on Friday it was cutting 1,700 jobs at a plant in Britain after running into a dispute with a consortium over a major contract. Corus, which has already shed about 6,000 jobs in Britain and
LONDON - Steelmaker Corus, owned by Indian interests, said on Friday it was cutting 1,700 jobs at a plant in Teesside after running into a dispute with a consortium over a major contract. Corus, which has already shed about 6,000 jobs in Britain an
Steelmaker Corus has confirmed it will curtail production at its Teesside Cast Products factory, putting 1,700 people out of work.It had been announced in May that the 150-year-old Redcar plant was to be mothballed. The plant had been at risk since
A group led by Barry Sternlicht’s Starwood Capital investment company has won the bidding for the assets of failed Corus Bank, taking advantage of a complex financing package crafted by the Federal Deposit Insurance Corporation to make an aggressive
LONDON - Indian-owned steelmaker Corus said Thursday that it could cut another 366 jobs at a plant in Scunthorpe, owing to weak steel demand in the global economic downturn. Corus, which has major facilities in Britain and the Netherlands, has now
Mumbai - India’s Tata Steel, the world’s sixth largest steel maker, on Thursday said 2,045 jobs in European operations were at risk due to a fall in steel demand in Europe and America.It said in a statement its Corus unit was opening consultations o
LONDON - Indian-owned steel group Corus is to axe around another 2,000 jobs in Britain, reports said on Thursday. Corus refused to comment on the matter, reported by the BBC, Sky News television and Britain's main news agency, the Press Association
LONDON - Indian-owned steel group Corus is to axe around another 2,000 jobs in Britain, reports said on Thursday. Corus refused to comment on the matter, reported by the BBC, Sky News television and Britain's main news agency, the Press Association
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