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TCP cuts production and jobs
16:19 25 Jun 2005
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Corus this week said it will chop 75 staff from its workforce of
1,700 at Teesside Cast Products (TCP).
The cuts come as confirmation that the firm is reducing capacity of bloom products, which are used to make rail and construction materials.
A Corus spokeswoman told CJ the cuts form part of a strategy to move production to the firm's Scunthorpe site. A consortium of overseas firms stepped in to secure production at TCP earlier this year, with a 10-year deal to supply cast products to their own markets.
Corus will withdraw production at TCP for its own, mainly UK, markets by the end of the year.
The cuts come as confirmation that the firm is reducing capacity of bloom products, which are used to make rail and construction materials.
A Corus spokeswoman told CJ the cuts form part of a strategy to move production to the firm's Scunthorpe site. A consortium of overseas firms stepped in to secure production at TCP earlier this year, with a 10-year deal to supply cast products to their own markets.
Corus will withdraw production at TCP for its own, mainly UK, markets by the end of the year.
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