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Steel plant could lose 2,000 jobs Steel plant could shed 2,000 jobs
(30 minutes later)
Steelmaker Corus is to mothball its Teesside plant threatening the jobs of nearly 2,000 workers.Steelmaker Corus is to mothball its Teesside plant threatening the jobs of nearly 2,000 workers.
Workers at the Teesside Cast Products plant in Redcar were told the news ahead of a 90-day consultation. Workers at the Teesside Cast Products (TCP) plant in Redcar were told the news ahead of a 90-day consultation.
Owner Corus said the development had become "unavoidable" because of the end of a contract with four international steel slab buyers. Owner Corus said the development had become "unavoidable" because of the early end to a contract with four international steel slab buyers.
Steel union Community expressed "outrage" and said it would work to secure future steelmaking on Teesside. Steel union Community expressed "outrage" and said it would work to secure steelmaking on Teesside.
Corus said the development was due to the termination of a contract by four international slab buyers which had made the Redcar plant "unviable.". Corus said the development was because of the termination of a contract by four international slab buyers which had made the Redcar plant "unviable".
The agreement was signed in 2004 and committed the consortium to buy just under 78% of the plant's production for 10 years.The agreement was signed in 2004 and committed the consortium to buy just under 78% of the plant's production for 10 years.
Appalling news Those involved in the agreement include Marcegaglia SpA, Dongkuk Steel Mills Co Ltd, Duferco Participations Holding Ltd and Alvory SA.
Dedicated employees
Corus chief executive Kirby Adams said: "I am extremely disappointed that the consortium members have seen fit to take this irresponsible action.Corus chief executive Kirby Adams said: "I am extremely disappointed that the consortium members have seen fit to take this irresponsible action.
"Their unilateral termination of a legally binding 10-year contract could bring to an end a fine heritage of steelmaking at Teesside."Their unilateral termination of a legally binding 10-year contract could bring to an end a fine heritage of steelmaking at Teesside.
My thoughts are with the men and women who work at the plant. Redcar is a fighting community, and they can rest assured that we will do all we can Redcar MP Vera Baird The consortium has made this disgraceful move, knowingly jeopardising the livelihoods of thousands of workers Michael J LeahySteelworkers' union, Community
"We regret the distress their action will cause TCP's dedicated employees, who have worked steadfastly in the interests of the consortium.""We regret the distress their action will cause TCP's dedicated employees, who have worked steadfastly in the interests of the consortium."
It has started discussions with the 1,920 employees at the plant about what can be done to mitigate the impact of mothballing. Corus has started discussions with the 1,920 employees at the plant about what could be done to mitigate the impact of mothballing.
It said any such decision was likely to lead to a significant number of redundancies. The steelmaker said any such decision was likely to lead to a significant number of redundancies.
Community general secretary Michael J Leahy said: "This is appalling news. We cannot believe that the consortium is taking such irresponsible action that will have a devastating effect on our members and the whole community in Teesside. Michael J Leahy, general secretary of the steelworkers' union Community, said: "This is appalling news.
"We cannot believe that the consortium is taking such irresponsible action that will have a devastating effect on our members and the whole community in Teesside.
"The consortium has made this disgraceful move, knowingly jeopardising the livelihoods of thousands of workers who are the innocent victims of this."The consortium has made this disgraceful move, knowingly jeopardising the livelihoods of thousands of workers who are the innocent victims of this.
"These multi-nationals have reaped hundreds of millions of pounds in profits and are now walking away from their legal, moral and social responsibilities.""These multi-nationals have reaped hundreds of millions of pounds in profits and are now walking away from their legal, moral and social responsibilities."
'Appalling decision'
Redcar MP Vera Baird said: "I'm absolutely furious. This consortium is happy to walk away, after our workers have been providing fabulous quality steel that has made the company a lot of money.Redcar MP Vera Baird said: "I'm absolutely furious. This consortium is happy to walk away, after our workers have been providing fabulous quality steel that has made the company a lot of money.
"It is an appalling decision and I urge the consortium to come back to the table."It is an appalling decision and I urge the consortium to come back to the table.
"My thoughts are with the men and women who work at the plant. Redcar is a fighting community, and they can rest assured that we will do all we can.""My thoughts are with the men and women who work at the plant. Redcar is a fighting community, and they can rest assured that we will do all we can."
Anglo-Dutch firm Corus, owned by Indian conglomerate Tata since 2007, said it was using all legal means to ensure the terms of the contract were enforced and that the four members of the consortium lived up to their contractual obligations. Anglo-Dutch firm Corus, owned by Indian conglomerate Tata since 2007, said it was using all legal means to ensure the terms of the contract were enforced and that the four members of the consortium met their contractual obligations.
The company said it would continue to explore any alternative options that might secure a viable future for the Teesside Cast Products site at Redcar (TCP) and its employees. The company said it would continue to explore any alternative options that might secure a viable future for the TCP site and its employees.
Business Secretary Peter Mandelson said: "It is essential that Corus does everything it can legally, and with the government's assistance, to reinstate the Offtake Framework Agreement.
"It is unacceptable that such a development should threaten jobs on such a scale, with such a potentially devastating impact on the area.
"The government stands ready to do what it can to support the company. We are not prepared to reconcile ourselves to inevitable closure of this plant."
Do you work at the Teeside plant? Are you concerned about your job? Do you work at the Teesside plant? Are you concerned about your job?
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