Corus cuts jobs as orders fall 40 per cent
Updated on 26 January 2009
Steel giant Corus says it is cutting 3,500 jobs around the world, 2,500 of them in Britain.
One union described the move as "a body blow to UK manufacturing".
What survived of British Steel after the last recession became Corus, now owned by the Indian conglomerate Tata.
It says orders globally are down by up to 40 per cent and it must make efficiency savings in the face of falling demand.
One of the worst hit areas is Wales with over 1,000 job losses, 600 of them at steel mill in Llanwern.
A further 1,400 jobs are to go at other UK sites, including 108 at Wednesbury in the West Midlands, 93 in Scunthorpe, 61 at Wolverhampton and 713 in Rotherham in Yorkshire.
