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Corus Tubes Announces Further Reorganization

12/01/2008 - ABSTRACT: Corus Tubes will extend the reorganization process it began earlier this year by reducing employment levels at each of the business unit’s principal establishments in the U.K. and the Netherlands. 

Corus Tubes has announced proposals to extend the reorganization process it began earlier this year.
 
As a result of its review, the company has decided to reduce employment levels at each of Corus Tubes’ principal establishments in the U.K. and the Netherlands. The company said that a total of 146 jobs would be at risk: 56 at Corby, 49 at Hartlepool, and 41 in the Netherlands.
 
“It is regrettable that we need to propose redundancies,” commented Nick Clarke, Acting Managing Director of Corus Tubes. “However, we need to make these changes in order to strengthen our business and address the challenging market conditions we face.”
 
Corus Tubes, a Business Unit of Corus, started the process of consultation with its employees and their Trade Union representatives on November 28. “Our priority is to keep all our employees up to date with the changes and help them, and their families, through this difficult time,” added Clark.
 
Although the proposed changes are to enable a more efficient business to emerge, better able to serve customers and meet competitive challenges in the tubes market, the company said that it is committed to trying to find ways to limit the redundancies and reduce their potential consequences.
 
Corus Tubes, a Business Unit of Corus.  It manufactures steel tubes in the UK and Netherlands for many different applications, such as construction, automotive, mechanical engineering and building services.  Corus Tubes employs 2200 people at its locations throughout the UK and the Netherlands.
 
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, a global top ten steel producer. Following the 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.