Corus crisis
Steel makers Corus have announced 1,150 job cuts and that a further 2,200 jobs are at risk. The company - which runs what used to be British Steel - wants to stop steel production at Stocksbridge in South Yorkshire and cut production severely at Tipton in the West Midlands. Other cuts will be made at Llanwern is South Wales and Teeside. The plant at Redcar on Teeside has been hived off from the rest of the company and forced to go it alone. A move which workers see as preparing the ground for eventual closure. Corus employs more than 25,000 workers in the UK. It made huge profits in the 1990s...