成人快手

The deal to supply steel slabs was drawn up to secure the future of steel-making in Teesside, but now the deal lies in tatters.

It's a bad day for the area and Prime Minister Gordon Brown has given comment:

The Redcar plant is one of the oldest and biggest steelworks in the country and supports thousands of contractors.

Corus is now pursuing legal action and the MD of Teesside Cast products, Jon Bolton, told 成人快手 Tees it is a devastating blow...

Workers at the Teesside Cast Products plant were told the news on Friday 8 May, and the 90 day consultation has now started.

Owner Corus says this development's become "unavoidable" because of the termination of a contract by four international steel slab buyers.

Corus had agreed to sell a majority stake in the plant to the consortium led by Italian firm Marcegaglia, but the steel giant said the consortium had "unilaterally and unreasonably" initiated moves to terminate the contract, making Redcar "unviable."

MP for Redcar Vera Baird agrees with Mr Dunning, she says the effects of this announcement could be disastrous for the region...

Corus is pursuing the consortium to honour their ten year contract. They're describing the consortium's action as "irresponsible".