A £320m deal to sell Teesside's Corus steel plant - mothballed with the loss of 1,600 jobs - is being discussed. Teesside Cast Products (TCP) was partially mothballed in February when a consortium pulled out of a deal. Thai steel company SSI has now signed a memorandum of understanding to buy the Redcar site from Corus. If the deal goes through, a "significant" number of jobs would be created in addition to the existing workforce of over 700. Corus managing director Kirby Adams said: "We are very pleased to announce this significant progress in our long-held objective to sell the TCP assets to a strategic industry investor.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment