02
Feb
13:03
British Steel mulls job cuts amid soaring costs
British Steel is considering job cuts to reduce costs amid soaring energy, carbon and labour bills, the firm tells Kallanish, but it declines to reveal the projected number of job losses.
“Like most companies, we’re facing significant challenges because of the economic slowdown, rising inflation and exceptionally high energy prices. For example, last year our energy bill rose by £120 million [$147.4m] while we’ve also faced an increase…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous