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Corby company announces job losses
Tata Steel is to axe 110 jobs at Corby - about 15 per cent of the workforce.
The company announced the job losses today as part of a review of its European tubes business operations.
It blames the decision on a prolonged downturn in all European markets for tubes, combined with intense competition.
Tata said it will explore all opportunities to re-deploy employees where practical and to assist those people leaving the business through a range of support services.
Remco Blaauw, managing director of Tata Steel’s European tube business, said: “Our announcement today follows a detailed review of all our European tubes activities. In response to the prolonged downturn in all European markets for tubes, and in the context of intense competition, the measures announced today are designed to bring these sites into a sustainable financial position.
“Our priority is to minimise the impact on our employees, and to assist affected colleagues through a difficult process. Our goal is to secure a sustainable tubes business which will not only weather the current economic storm, but can prosper in the future.”
The union Community blames the job losses on the depressed state of the UK economy and a lack of policy for manufacturing as a contributory factor.
Its general secretary Michael Leahy said: “This is a massive blow for the workforce in Corby who have done everything expected of them to keep the site viable. The impact on the local community and families will be particularly hard. We are arranging an urgent meeting with Tata Steel Tubes to demand assurances there will be no compulsory redundancies and to explore all other options available. We also want a clear commitment from Tata Steel to the long-term security of the site at Corby.”
Rumours have been rife in Corby for almost two weeks that jobs were to be cut and the Evening Telegraph reported workers’ fears for the future of the plant.
At the time the company said no job losses were imminent but said difficult decisions would have to be taken.
Ninety jobs are also to being axed by Tata in the Netherlands.
In the UK a full, formal 90-day consultation process will take place with Trade Unions and employee representatives, and with all affected employees on an individual basis.
This announcement is subject to relevant consultation and approval rights within the Netherlands.
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Comments
There are 22 comments to this article
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LabourOut
Wednesday, February 1, 2012 at 09:20 PMDear Mr DTM48 you're right to point out too much public money was being spent and committed for the future by Labour but I do have to disagree that the Tory's had a part to play in this. You have to remember the political climate at the time was against the Tory's, Blair and Brown had convinced the electorate that vast sums of public money had to be spent and spent now. When the Tory's advocated increasing state spending slower than Labour in the 2005 election they were jumped upon as a cut and that this in turn would mean the collapse of society. The Tory's were on a hiding to nothing, any suggestion to live within our means was immediately derided by the left as proof the Tory's hated the working class. If anything the Tory's learned that advocating financial restraint was counter productive to their cause and perhaps shied away from this issue. The smoke and mirrors economy built on borrowing and a housing bubble that the now disgraced Gordon Brown created prevented the Tory's from getting their message across to the country. Sadly had the Tory spending plan of the 2005 election been followed the country would not be in the mess it is today
DMT48
Wednesday, February 1, 2012 at 12:52 PMMany of the job-losses now are occurring because much of the growth of the 2000's was built on funny money, Somehow we have to get back to where we were before that, but at that time, we were only just coming out of a previous recession. There has been a market correction in the city - now that market correction has to knock on to the rest of the economy. All the government can do is try to ensure that the correction doesn't result in a crash. And this would have happened whether Tory or Labour were in power - Tory didn't cause this - they just have to deal with it now. But actually you *can* blame Tory for this somewhat - they did absolutely nothing to oppose Labour's unsustainable wild spending spree when in opposition.
LabourOut
Sunday, January 29, 2012 at 12:55 PMNow Ray you are talking some sense on this matter. However the noughties were globally a period of low interest rates. The government borrowed and encouraged personal borrowing to record levels. The labour party's opinion is we should borrow our way out the slump but the problem is they borrowed us into the slump. Had we had a much lower structural defecit then we could have borrowed without problem. Now everybody has woken up and is paying down their debt, which is a greater problem as there is less money in the economy to purchase goods. If taxes are lowered as some parties advocate do you think people will spend it on goods and services or will they just pay off their debts quicker.
Ray Rodden
Saturday, January 28, 2012 at 08:29 PM@Rikmeister Labour delivered historic low interest rates (just as i fixed my mortgage for 10 years at 6% interest rates were around 4% but I thought - it wont last - IT DID. But I still didn't complain, my choice, I was not mis-sold) when interest rates went even lower i used every penny I could to pay it off, I had a monthly limit without penalty. I used it as fully as I could. Many other people did the same - to say that millions will be reposed is scaremongering. Many did as I did. Savings were a waste of time with low interest rates so use whatever money you had to pay your debts. It's not rocket science or brain surgery. If people use basic common sense they can survive these difficult times. If not ....
NAdams
Friday, January 27, 2012 at 10:18 PMRikmeister, The National Debt and the UK populations private debt are two entirely different things. Private debt has primarily increased due to the globalisation of the manufacturing and service industries leading inevitably to lower (and more competitive) pay rates, and the "I want it now!" culture that is endemic in our modern society.
Rikmeister
Thursday, January 26, 2012 at 03:32 PMOne thing that is a real problem that nobody is talking about. The government is cutting back more and more and the average and below earners are struggling more and more. Proof of this is that the national debt has now topped 1 trillion pound for the first time ever. This is because more and more people are taking on loans and credit debt. Most are so deep in the sh#t now they will never get out. Even after 10 years these cut backs balance the countries books the average person will be close to if not bankrupted.! Houses will be repossessed. Millions including kids will be on the bread line. Nobody will have money to spend so the economy will be knackered permanently. We are in another recession and the main stream media will tell you this in April. I hope you don't have any savings because you are likely to lose it all in the coming years. Fear mongering am i.? Well lets wait and see.
trucker
Thursday, January 26, 2012 at 03:09 PMfeel sorry for people losing there jobs,labour may have overspent but most of it went on tring to build new schools and fund economic investment,most of the crisis we are in is due to the banking industry,why cant our politicians get together and work for britain instead of arguing the toss and blaming each other, the tories will only ever cut jobs and blame labour, labour will spend to get out of trouble but that didnt work either,and the lib dems will just agree with whoever they want to share a bed with.
Afloat
Thursday, January 26, 2012 at 02:54 PM@darren smith "Wasn't it labour who abandoned most of the financial regulations in the banking sector?" Actually, no it wasn't. Labour were planning to further regulate the banks in 2007. John Redwood (Con) then produced a report commissioned and endorsed by Cameron and Osborne demanding that the banks were LESS regulated, especially in the mortgage market. Then came the collapse precipitated by banks buying high risk sub-prime debt on the American market, at which point Redwood, Cameron and Osborne went mysteriously quiet. Despite this, for some reason Osborne feels unable to introduce banking regulation until 2019. 50% of Conservative Party funding comes from City banks. Co-incidence?
Ray Rodden
Thursday, January 26, 2012 at 12:56 PMGordon Brown, who I still think was a good chancellor, in the early days only borrowed to fund investment. Britain then had a stable economy, historic low interest rates and slowly increased prosperity. Then he broke his own rules and forgot 'prudence'. Maybe Osborne should spend a little now in targeted projects but not just to print money for short term gain and to fuel inflation. There lies disaster. Don't like some other Tory policies but can anyone give a good argument to NOT cap benefits at £26,000 - adverage earnings? As is accepted by all parties, people on the much higher rates of benefit have never worked, they can't afford to get a job and lose soo much of OUR cash. Even labour accept this (when they are not playing silly beggers in the lords). We have a government, the people decided they did not want either main party to be in government unfettered and so we have the lib dems playing piggy in the middle. Cameron is a credible leader, Clegg does his bit, I like Vince Cable, he talks sense, the Labour front bench is a shambles. Miliband comes across as a sixth former out of his depth. Ed Balls is awful. Labour need to get some big hitters back - much like the Blair - Brown team who got them elected three times. Miliband hasn't got a hope in hell of doing that. The wrong leader at the wrong time. The country NEED a credible opposition to keep the government on their toes. We don't have it now. Labour need to pull their finger out!
robbierunciman
Thursday, January 26, 2012 at 12:32 PMDarren - it is not I who have blinkers. The chancellor has got it wrong and inored good advice. You cannot cut your way out of austerity - as he has belatedly found out.
darren smith
Thursday, January 26, 2012 at 12:04 PMWell said ray. Bonsai man and robbierunciman, have you got blinkers with labour written on them on? I don't know about the others on this thread, but did we really come out of the 200809 recession? This was lead by labour policies on spend spend spend, and don't think about tomorrow attitude. Wasn't it labour who abandoned most of the financial regulations in the banking sector? And who do you blame for the last recession? The bankers by any chance? Tatas main market is Europe, and with all the economies over there in a mess its going to reflect on uk manufacturing. As much as we probably all don't like being in the E.U they still remain one of our biggest trading partners.
Ray Rodden
Wednesday, January 25, 2012 at 11:51 PM@labourout nothing wrong with Louise Mensch. Before the election I had cause to email her about some aspects of Tory health and Safety policy and she explained her position. May not agree with her on things in the same way as I did not always agree with Chris Mallender at CBC but in a grown up world (you are grown up aren't you?) people can disagree and still respect each other. Problem with you is no one can have a serious debate with someone with a 'handle' of 'labour out' Obviously you have set views which no amount of sensible grown up debate will change even if the outcome is blindingly the truth.
LabourOut
Wednesday, January 25, 2012 at 11:17 PMRay, Louise is on newsnight, again, you better take your pills.
robbierunciman
Wednesday, January 25, 2012 at 11:08 PMcould someone tell the Count we have a conservative government who have turned positive growth and the recovery they inherited in 2010 into a recession
alexander01
Wednesday, January 25, 2012 at 07:48 PMBACKHANDERS dont help either.been happening for years and still it goes on.get a grip before everyone loses their jobs.Management that have put us there are the ones who have to get us out of this mess.YEEEE RIGHT .WONDER HOW MANY OF THEM ARE LOSING THEIR JOBS NEVER MIND THE BMWs they get for being good at their job .NOT.
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