Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

STEEL LOSSES MOUNT UP

  • Comment

Steel group Corus has posted losses of £462 million for the year ending 31 December 2001. In an attempt to halt the slide, the company has put its aluminium business up for sale, which the City expects to fetch £1 billion.

The company made 12,000 redundancies last year. A further 4,000 jobs will be lost over the next two years.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.