Up to 2,000 jobs are to be lost in the former British Steel plants in the United Kingdom. Owners Tata Steel employ 42,000 people worldwide, with 24,000  in the UK. Corus would not commented on the report so far, but a union official told BBC News that the company would be making an announcement at 0930 UTC on Monday. The cuts would be part of long term restructuring plans made by soon to depart CEO Philippe Varin, which have been accelerated by the worldwide downturn.
Up to 2,000 jobs are to be lost in the former British Steel plants in the United Kingdom. Owner Tata Steel employs 42,000 people worldwide, with 24,000 being in the UK. Corus did not comment on the report so far, but a union official told BBC News that the company would be making an announcement at 0930 UTC on Monday. The cuts would be part of long term restructuring plans made by soon to depart CEO Philippe Varin, which have been accelerated by the worldwide downturn.
R
Owners Tata Steel employ
Owner Tata Steel employs
A
being
R
would not commented
did not comment