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Corus steelwork saved by Thai buy-out, 800 jobs could be created

Published: Friday, 25 February 2011   Category: Science, Engineering and IT

Graduate engineer jobs may soon be available in the north-east of England after the Corus steelworks was bought by a Thai firm.

It is hoped that Sahaviriya Steel Industries' (SSI) acquisition of Corus Teesside Cast Products will save 700 jobs which were under threat and may create up to 800 more jobs over the new few years, reports the Independent.

The steelworks, which is based in the Yorkshire town of Redcar, is owned by Tata Steel Europe. It currently employs almost 2,000 people.

Vince Cable, the business secretary, told the news provider that the deal is a testament to the effort from both companies involved.

"The deal is very good news for workers at the Teesside plant and the region," he said.

"Coming just over a year after the plant was mothballed, it is a tribute to both companies involved ... Both have worked hard to reach a successful outcome on what has been a complex negotiation."

Find graduate engineer jobs at gradplus.com

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