deepak pace
DJ_DEE
London: Steelmaker Corus is poised to axe up to 3,500 jobs next week, The Sunday Times reported.
The precise number of lay-offs at the Anglo/Dutch steelmaker, owned by India's Tata Steel, were being thrashed out over the weekend, according to the paper.
The job cuts are part of a long-term restructuring drawn up by outgoing chief executive Philippe Varin, but it has been accelerated by the crisis in the global steel industry, the paper said.
The precise number of lay-offs at the Anglo/Dutch steelmaker, owned by India's Tata Steel, were being thrashed out over the weekend, according to the paper.
The job cuts are part of a long-term restructuring drawn up by outgoing chief executive Philippe Varin, but it has been accelerated by the crisis in the global steel industry, the paper said.
