British Steel beats 400 British and international jobs in & # 39; body blow & # 39; for the staff
City & Finance Reporter for the Daily Mail
British Steel plans to save 400 jobs in the United Kingdom and in other countries to ensure a sustainable future & # 39; the company has announced.
Administrative, professional and administrative roles will be affected, but the company said no closures were being considered.
British Steel, owned by Greybull Capital, employs 4,000 people in the United Kingdom, mainly in Scunthorpe, but also in Teesside and Workington.
Job loss: British Steel, owned by Greybull Capital, employs 4,000 people in the United Kingdom, mainly in Scunthorpe, but also in Teesside and Workington.
Trade unions said that the news is a body-blow & # 39; was for employees.
British Steel's 62-year-old executive chairman Roland Junck said, despite an upgrade of £ 50 million on the Scunthorpe site: "The pace of change we need in this challenging sector requires further investment, along with more flexible and efficient operations & # 39 ;.
He said: "To help us achieve this, we have to make difficult decisions and our plans unfortunately include the proposed reduction of 400 roles.
& # 39; We are sad to make this announcement. However, it is vital that our transformation continues so that we can build a sustainable future for the entire company, nearly 5,000 employees and much more in the supply chain. & # 39;
A spokesman for the National Co-ordination Commission for the Steel Industry said: "This announcement will mean a massive blow to the workforce that has already made huge sacrifices to make the company sustainable.
The spokesman added that it is high time for the government to be stepped up and delivered by supporting investments in strategic steel products & # 39;