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Corus: 400 jobs

November 20, 2008

British steel giant Corus, now part of Indian conglomerate Tata Steel, will cut 400 jobs in its distribution business.

A company spokesperson said Corus would consult its workers and have as many voluntary redundancies as possible. He added that the decision had to be taken because of a steep slump in the demand for steel and softening global prices.

Corus's distribution business employs nearly 2,400 people at 36 sites in the UK and Ireland.

Image: An aerial view of the Corus Hoogovens complex on the Northsea channel in IJmuiden. | Photograph: Vincent Jannink/AFP/Getty Images

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