Monday, December 08, 2008

Corus to seek state aid to avoid redundancies

Steel will become the latest industry to seek state support from ministers as Gordon Brown is on Monday lobbied for millions of pounds of state aid by Corus, one of the UK’s largest employers.

Philippe Varin, chief executive of the Anglo-Dutch steel group – owned by India’s Tata Steel – is one of several business leaders and economists meeting Mr Brown this afternoon.

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