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Tata Steel to cut up to 720 jobs at its UK plant

Jul 16, 2015    

London: Britain's largest steelmaker, Tata Steel on Thursdaysaid it is planning to cut up to 720 jobs at its plant in northern England as it revamps its speciality and bar business to refocus more on high value segments like aerospace to come out of the red.Most of the jobs will go from its steel bar-making plant in Rotherham, South Yorkshire, which has been underperforming owing to cheap imports and high electricity prices in Britain, and around 35 will be cut from its West Midlands plant by March 2016.The announcement comes a day after Tata Steel, Europe's second-largest steelmaker, settled ...

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