• Monday, August 15, 2022

Business

British Steel to Axe 400 Jobs

The latest deal marks a critical step in securing a long-term, sustainable future for steelmaking in Yorkshire and the Humber and the North East (Photo: Ian Forsyth/Getty Images).

By: Radhakrishna N S

British Steel has said that it will axe 400 managerial, professional and administrative roles at its operations throughout the UK, Ireland, France and the Netherlands as part of the company’s ongoing transformation process. Other steps include continuing efforts to improve manufacturing performance and increasing turnover through strong sales, the company said on Friday (14). Roland Junck, British Steel’s Executive Chairman said, “we have already committed £120 million to capital expenditure projects and are pressing ahead with the £50 million upgrade to our Scunthorpe Rod Mill, which we announced in July. However, the pace of change we need in this challenging…

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