Page last updated at 13:25 GMT, Thursday, 23 April 2009 14:25 UK

Steel company axes 110 more jobs

Steel company Outokumpu is to axe another 110 jobs in Sheffield - four months after cutting 50 posts - amid a continuing slump in orders.

The Finnish group said it was in discussions with trade unions about about the fresh round of redundancies.

It said it planned to reduce annual stainless steel production at its Sheffield plant by 150,000 tonnes.

The move came as it reported worse-than-expected first quarter losses of 252m euros as its sales plunged 60%.

Outokumpu HR manager Martin Pinder said: "You never like to announce job cuts , we would much rather announce that we were able to invest and recruit more people.

"However, along with many manufacturing companies worldwide, the recession is biting and our order book is significantly down and we are having to respond to that."



Print Sponsor


SEE ALSO
Hundreds of jobs go at steelworks
19 Sep 08 |  South Yorkshire

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific