Arab Today, arab today indias tata steel to cut 1200 british jobs blames china
Last Updated : GMT 02:42:58
Arab Today, arab today
Arab Today, arab today

India's Tata Steel to cut 1200 British jobs, blames China

Arab Today, arab today

Arab Today, arab today India's Tata Steel to cut 1200 British jobs, blames China

The Tata Steel plant is pictured in Scunthorpe
London - AFP

India's Tata Steel on Tuesday said it would cut around 1,200 jobs at two plants in Britain, blaming the move in part on cheap imports from China.

"This comes in response to a shift in market conditions caused by a flood of cheap imports, particularly from China, a strong pound and high electricity costs," Tata said in a statement coinciding with the start of a four-day visit to Britain by Chinese President Xi Jinping.

Tata, confirming weekend reports, said its action "would lead to around 1,200 job losses", comprising about 900 in Scunthorpe, northern England, 270 in Scotland and a "small number" at other European sites.

It plans also to mothball some mills making steel plates and will shut a coke oven in Scunthorpe, whose Tata plant is the biggest steelworks in Britain employing 3,000 staff.

“The UK steel industry is struggling for survival in the face of extremely challenging market conditions," Karl Koehler, chief executive of Tata Steel’s European operations, added in the statement.

"This industry has a crucial role to play in rebalancing the UK economy, but we need a fairer system to encourage growth. The European Commission needs to do much more to deal with unfairly traded imports -- inaction threatens the future of the entire European steel industry,” he warned.

On Monday, much of British steelmaker Caparo was placed into administration as unions proclaimed a "crisis" in the industry, which is struggling to remain competitive against cheaper international steel.

Administrators were appointed to 16 out of about 20 companies within the Caparo Industries group, audit firm PricewaterhouseCoopers had said.

There were fears of hundreds of redundancies in the Caparo firms, which include companies that make metal wire, tubes, and fastenings, as well as products for cars and aeroplanes.

Last month, meanwhile, Thai steelmaker SSI announced it was cutting 1,700 jobs and suspending production at the Redcar plant in northeast England owing to plunging steel prices on world markets.

Unions have urged the British government to intervene to save the steel sector, which employs 30,000 people in the country but faces gruelling competition from China.

Prime Minister David Cameron pledged to raise the issue of "dumping" of cheap steel with Xi.

"We voted in favour of dumping tariffs against the Chinese and we'll do everything we can to help our steel industry," Cameron has told parliament.

"Will we raise it with the Chinese? Of course, we'll raise all these issues. That is what our relationship with China is all about."

Tata on Tuesday noted that over the past two years, "imports of steel plate into Europe have doubled and imports from China have quadrupled, causing steel prices to fall steeply".

It added that "a stronger pound has undermined the competitiveness of the business’s Europe-bound exports, and encouraged more imports".

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indias tata steel to cut 1200 british jobs blames china Arab Today, arab today indias tata steel to cut 1200 british jobs blames china

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indias tata steel to cut 1200 british jobs blames china Arab Today, arab today indias tata steel to cut 1200 british jobs blames china

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday