Tata Steel is proposing to make job cuts at their factory in Workington due to a "shortfall in external projects."
The company had previously announced that steel production was down by 25 percent in the past five years.
UK demand for construction steel has fallen further since we launched an improvement programme at our Long Products business in 2011. This further market decline means we must now build on the work we have been doing to restore Long Products’ ability to compete throughout the economic cycle.
“The proposed changes at our Workington engineering operations, meanwhile, are as a result of a shortfall in external projects.
“Today’s proposals would help us build a more sustainable business. I know this will be a difficult and unsettling time for affected employees and their families. This action, unfortunately, cannot wait if we are to remain a vital foundation industry supporting the UK’s manufacturing and construction sectors.
“We will work closely with our trade union colleagues and government at a national and local level to ensure we provide our employees with as much assistance and support as possible.”
More top news
Andrew Lapping is heading a consortium investing over £1m in CUFC. Here's our profile on the man behind the money.
Windy and colder. Rain or showers - some of which will be wintry on hills with some snow settling over highest ground. Some sunshine around
The Carlisle United Trust has voted overwhelmingly in favour of proposals to bring a £1.26 million investment to the club.