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IN - Tata Steel Limited : Year in review at Tata Steel

THE 4,000 employees at the Tata Steel works in Scunthorpe saw a year of mixed fortunes.

It was the year the company decided to shed a further 320 jobs in the town and workers were told they had to help save Pounds 34.5m by March 2014, to get the business back in profit. But there were reasons to be cheerful in 2013.

Network Rail renewed a contract to continue the supply of track and sleeper plate from Scunthorpe for the next five to 10 years.

The town also won an order to supply 60,000 tonnes of high- quality rail to build a new high-speed line in Saudi Arabia. And two new production records - for a shift and for a day - were set in the Scunthorpe Rail and Section Mill in the same week last September. Last November, the site's continuous casting plant Caster 5 set a new production record at 23,800 tonnes.

The basic oxygen steel-making plant in Scunthorpe helped to save Pounds 30 million for the company this year, by improving yield and reducing waste.

And last September, more than 50 apprentices were taken on.


Source: 4traders.com

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