Corus to scrap some plants

Saturday, December 05, 2009

London: Corus Group, the European unit of India’s Tata Steel, will mothball the blast furnace and some coke ovens at its Teesside plant in Britain and cut 1,700 jobs after a group of four customers stopped buying metal.

The operations will be mothballed at the end of January at a cost of £80m, Corus chief executive Kirby Adams said.

Teesside’s Redcar Wharf and Redcar Coke Ovens will stay open.

This story appeared in the printed version of the Irish Examiner Saturday, December 05, 2009