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01/07/2014
Tata Steel To Axe 400 Jobs
Tata Steel has confirmed plans to cut 400 jobs at its plant in Port Talbot.
The firm said it was restructuring to improve the competitiveness of the business.
The company said in statement the job losses would reduce costs and enable it to compete in an era of lower market demand.
Mr Koehler said: "Steel demand and prices are likely to be under pressure for some years. Our business rates in the UK are much higher than other EU countries' and our UK energy costs will remain uncompetitive until new mitigation measures come into effect.
"These proposed changes then are vital if we are to build a competitive future for our strip products business in the UK."
(CVS/CD)
The firm said it was restructuring to improve the competitiveness of the business.
The company said in statement the job losses would reduce costs and enable it to compete in an era of lower market demand.
Mr Koehler said: "Steel demand and prices are likely to be under pressure for some years. Our business rates in the UK are much higher than other EU countries' and our UK energy costs will remain uncompetitive until new mitigation measures come into effect.
"These proposed changes then are vital if we are to build a competitive future for our strip products business in the UK."
(CVS/CD)
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