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| Version 0 | Version 1 |
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| Steel giant plans to cut 400 jobs | Steel giant plans to cut 400 jobs |
| (10 minutes later) | |
| Corus has announced plans to cut 400 jobs from its distribution business. | Corus has announced plans to cut 400 jobs from its distribution business. |
| The proposed job losses include almost 100 at the steel giant's plant at Shotton, Deeside, 50 in south Wales, 100 in the West Midlands and 50 in Leeds. | The proposed job losses include almost 100 at the steel giant's plant at Shotton, Deeside, 50 in south Wales, 100 in the West Midlands and 50 in Leeds. |
| The company blamed the move on the global economic downturn. | The company blamed the move on the global economic downturn. |
| It said its distribution business had been operating in a "volatile and fluctuating" market since the start of the year. | It said its distribution business had been operating in a "volatile and fluctuating" market since the start of the year. |
| The company said it had suffered a "significant decline" since September and was looking to cut spending on transport, consumables, energy and other discretionary spending. | |
| "However, these actions alone will not be sufficient to offset the decline in the market," added a spokesman. | |
| 'Knee jerk reactions' | |
| Corus said it would start an immediate consultation with workers and try to achieve the job losses through voluntary redundancy. | |
| The distribution side of the business employs 2,400 workers at 36 sites in the UK and Ireland. | |
| The proposed reductions will be spread throughout the business. | |
| Roy Rickhuss, national officer at the steelworkers' union Community, said it was "disappointed and saddened" by the "widespread redundancies". | |
| He added: "Community will do everything in its power, through the consultation period, to work with the company to save jobs where they can be saved and to help those affected through this difficult time. | |
| "We welcomed the original Corus approach to the current downturn - to avoid knee-jerk reactions and not just cut jobs - so we are disappointed this has not been followed in Corus Distribution." |