£320m Thai deal saves UK steel jobs
: 28 Aug 2010
£320m Thai deal saves steel jobs
www.mirror.co.uk
By Stephen White 28/08/2010A lifeline was thrown to Britain's steel industry yesterday as the Corus plant on Teesside was bought by a Thai firm for £320million.
More than 1,000 workers lost their jobs there earlier this year when its major customer walked away and closure threatened thousands more in the region.
It is hoped the deal with SSI, Thailand's biggest steel producer, will create a "significant" number of new jobs at the plant, where 700 workers remain following its mothballing.
Ssi said: "We have great respect for steel-making on Teesside and for the highly skilled workforce." Tom Blenkinsop, Labour MP for Middlesbrough South and East Cleveland, said: "This deal should safeguard all or most of the jobs on site as well as those companies in the local supply chain."
Corus is taking legal action against the four-nation consortium that pulled out of the contract last year.
Read more:
http://www.mirror.co.uk/news/top-stories/2010/08/28/320m-thai-deal-saves-steel-jobs-115875-22519992
Search Option
Recent Posts
Todays Birthdays
