Local plant escapes as Tata Steel plan to axe 720 jobs
Tata Steel - which operates a plant in Lisburn - is planning to cut 720 jobs mainly at its plant in Rotherham, the company announced yesterday.
The firm said the business had been underperforming in the face of steel imports due to the strong pound and higher electricity costs which it said were double those of European competitors.
Tata said it had "identified 720 positions which will potentially become redundant" but it will work with unions and employees to redeploy workers and minimise the compulsory redundancies.
But it's understood no jobs will be cut at the Lisburn base.
Karl Koehler, chief executive of Tata Steel's European operations, said: "I realise how distressing this news will be for all those affected, but I am also extremely aware of our responsibility towards the ongoing survival of this business which will continue to employ about 1,500 people in South Yorkshire."
Roy Rickhuss, general secretary of trade union Community, said: "This will be devastating news for our members.
"This is a business that has seen a lot of restructuring and change over recent years and another round of potential redundancies will hit the workforce hard."