Corus-Tata deal prompts UK jobs fears

Thousands of UK steel workers were seeking assurances over their jobs tonight after the Corus group agreed to a £4.3bn (€6.42bn) takeover by Indian rival Tata Steel.

Corus-Tata deal prompts UK jobs fears
Fri, 20 Oct, 2006 - 18:47

Thousands of UK steel workers were seeking assurances over their jobs tonight after the Corus group agreed to a £4.3bn (€6.42bn) takeover by Indian rival Tata Steel.

The Corus board backed a 455p a share bid from Tata, having previously held talks with potential buyers in Brazil and Russia during a year-long search for a partner.

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