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Tata Steel to cut 1500 UK jobs

Tata Steel to cut 1500 UK jobs

Tata Steel is set to cut 1,500 jobs at a number of sites in the North of England, the BBC has learned.

It is understood the Indian steel giant will cut 1,200 jobs in Scunthorpe and 300 in Teesside from its Long Products division.

But the firm says it is investing £400m in the division over the next five years to help turn the business around.

Tata is one of the biggest steel makers in the world, with operations in 26 countries.

In 2010, the company, which employs more than 80,000 people worldwide, recorded a turnover of $22.8bn (£14bn).

A press conference is scheduled in Scunthorpe for 13:00, the BBC understands.

The company has recently announced a number of investments in its Scottish and Welsh plants, including an £8m investment at its Clydebridge plant near Glasgow and a £53m investment at its Port Talbot plant.

Posted on Friday 20th May 2011

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