Steel News

British Steel Announces Layoffs

9/14/2018 - U.K.-based long products producer British Steel said on Friday that it will eliminate 400 managerial, professional and administrative positions in an effort to cut costs and provide for long-term growth. 

“We’re sad to be making this announcement, particularly for our colleagues who could be affected. The skill and dedication of our employees has helped us come a long way in a short period of time. However, it’s vital our transformation continues so we can build a sustainable future for the whole business, nearly 5,000 employees and many more people in the supply chain,” said Roland Junck, British Steel’s executive chairman. 

The cuts are to come from facilities throughout the U.K., Ireland, France and the Netherlands. No facility closures are being planned, the company said. 

British Steel’s full announcement can be found here.