Page last updated at 13:16 GMT, Friday, 4 December 2009

Corus statement on 1,700 Teesside job losses


The steel maker Corus has confirmed it is to close large sections of its Teesside plant, with the loss of 1,700 jobs.

The firm said the factory in Redcar would be mothballed by the end of January, after efforts to secure new contracts failed.

Kirby Adams, the chief executive of Corus's parent company Tata Steel Europe, said everyone had done all they could to save the factory.

The plant had been at risk since a 10-year deal suddenly fell through.

The deal that had fallen through was signed by an international consortium, and committed them to buy just under 78% of the Redcar plant's production.

Mr Adams said the previous consortium should hang their heads in shame.


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