Steelmaker Corus has confirmed that it is cutting 3,500 jobs worldwide, including 2,500 in the UK.
The announcement comes after Corus, like all steel firms, has seen a substantial fall in demand.
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- Home values fall record 18.2% in past year
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- Gas discovery tempers Israeli recession blues
- American Express quarterly net income falls 79%
- Texas Instruments reports big profit drop
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- Corus to axe 3,500 jobs cut worldwide
- Philips to axe more than over 6000 job
- ING to cut 7,000 jobs worldwide
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