1,700 jobs to go as Corus mothballs plant
Steelmaker Corus has confirmed it will curtail production at its Teesside Cast Products factory, putting 1,700 people out of work.
It had been announced in May that the 150-year-old Redcar plant was to be mothballed.
The plant had been at risk since a 10-year deal suddenly fell through.
Business Secretary Lord Mandelson expressed his disappointment, saying it would be a "very difficult time for the workforce".
The deal that had fallen through was signed by an international consortium, led by Italian steel specialists Marcegaglia, in 2004, and committed the consortium to buy just under 78% of the Redcar plant's production.
Corus said that 1,700 jobs would go, which is about 600 fewer than had been previously thought. It says 2,300 people work at the facility.
"This is a dark day for British manufacturing," said Derek Simpson, joint general secretary of the Unite union.
"Unite will do everything possible to prevent this closure from going ahead. The government must now act to save Teesside as decisively as it acted to save the banks last year."
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