BRI­TISH STEEL PLAN 400 JOB CUTS

Daily Record - - NEWS -

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.

AN­NOUNCE­MENT Junck

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