BRITISH STEEL PLAN 400 JOB CUTS
BRITISH Steel yesterday announced plans to slash 400 jobs in the latest setback for the battered industry.
Administration and management roles will be hit in the UK, Ireland, France and the Netherlands.
It comes two years after the firm were relaunched by Greybull Capital. They posted a £21million first quarter profit for this financial year.
Union body the National Trade Union Steel Coordinating Committee said the cuts were a “body blow”.
British Steel – who employ 5000 workers including 4000 in Scunthorpe, Lincolnshire – said no factories will shut. Boss Roland Junck insisted: “It’s vital our transformation continues so we can build a sustainable future for the business.”
The UK sector has staged a fragile recovery after the steel crisis of 2015 but it has been hit by 25 per cent tariffs on steel imports to the US.