Monday, October 19, 2009

Message from Corus boss to workers

WORKERS at Teesside’s threatened steel plant will have to raise their game if they are to avoid the axe.

In an interview with the BBC Balasubramanian Muthuraman, managing director of Tata Steel in India and the overall boss of the Corus steel plant in Redcar, warned staff that costs will have to be further reduced to ensure the ongoing viability of the North Eastern steel plant.

The interview can be seen on tomorrow's Inside Out,on BBC One tomorrow at 7.30pm, presented by Chris Jackson who journeys to Tata headquarters in India and secures a rare interview with the director.

The programme questions why Corus is suffering so badly and Chris discovers that many industry experts believe that Tata paid way over the odds for the Corus takeover and therefore won’t invest in Corus until it has reduced its debt.

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