Corus in Discussions with UK Unions
12/12/2008 - Corus takes an inclusive approach to the financial crisis by actively discussing options with employees and their representatives in the UK.
Corus is taking an inclusive approach to the financial crisis by actively discussing options with employees and their representatives in the UK. The economic situation is having a significant impact on the company’s order book.
The company said that payroll reductions and specific government support for temporary unemployment could be of great assistance in the short term for addressing the current market conditions.
The company is continuing its discussions with the UK Trade Unions about what actions are necessary to get through the economic downturn. Corus and the Trade Unions issued the following statement regarding their negotiations:
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"Corus Management and the National Officers of the UK Steel Committee have had a series of discussions regarding the business situation and potential actions to help weather the storm, including a range of temporary options aimed at reducing employment costs and assisting the company through these difficult times.
“Clearly this is an extremely challenging agenda for both parties. A number of proposals have been discussed in depth and both parties remain committed to continuing this dialogue. At this stage, however, no recommendations have been finalized which would justify management joining the UK lay officials at the planned meeting on the 11th of December.
‘The parties reaffirm their commitment to this process and will meet again in the near future with a view to concluding agreement."
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Corus is Europe's second-largest steel producer with annual revenues of more than £12 billion and crude steel production of about 20 million tonnes. With main steelmaking operations primarily in the UK and the Netherlands, Corus provides innovative solutions to the construction, automotive, packaging, mechanical engineering and other markets worldwide.
Corus is a subsidiary of Tata Steel, the world's sixth largest steel producer. Following its acquisition of Corus last year, the combined enterprise has an aggregate crude steel capacity of more than 28 million tonnes and approximately 82,700 employees across four continents.
