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Steel Industry

Volume 406: debated on Thursday 5 June 2003

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To ask the Secretary of State for Trade and Industry what discussions she has had with Corus and the unions on redundancies in the steel industry announced last month; and if she will make a statement. [116520]

My right hon. Friend the Secretary of State for Trade and Industry has held a number of discussions with Corus senior management and the steel Trade Unions about restructuring at Corus. It is always terrible when job losses and closures are announced, particularly in a long-established industry which is important to the UK economy, but the decision to restructure or relocate is a commercial one for the company to make.We welcome the announcement of new investment at Port Talbot, Scunthorpe and Rotherham, which is essential if the company is to re-establish its competitive position.