Printer Friendly
The Free Library
22,728,043 articles and books

116 steel plant jobs go in closure.



THE AvestaPolarit stainless steel stainless steel: see steel.
stainless steel

Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat.
 plant at Panteg,near Pontypool,Gwent,is to close next March with the loss of 116 jobs.

Eero Mustala, senior vice president of Finnish parent company Outokumpu, said: ``The closure has been made against a background of consistent poor financial performance over many years.'' Accumulated losses at Panteg since 1997 are 50 million euro (pounds 35m).

Mr Mustala said the company would help with redundancy counselling,job searches and retraining re·train  
tr. & intr.v. re·trained, re·train·ing, re·trains
To train or undergo training again.



re·train
 opportunities.

Michael Leahy,general secretary of the steelmakers' union ISTC ISTC International Science and Technology Center
ISTC International Student Travel Confederation
ISTC Institute of Scientific and Technical Communicators (UK)
ISTC Independent Sector Treatment Centre (UK) 
, said: ``This is a tragedy for those losing their jobs, their families and the whole Pontypool community.

``I worked at Panteg in the 1960s and 1970s when it employed thousands and I know what the impact of these redundancies will be.

``The ISTC will be meeting with AvestaPolarit and asking them to reconsider .''
COPYRIGHT 2003 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily Post (Liverpool, England)
Date:Oct 24, 2003
Words:137
Previous Article:Nicola's national ambition; Paralympic rider seeking backing for award.
Next Article:Ambulance crew's fears over driver.



Related Articles
Council hails Celsa's steel plan.
400 NEW JOBS AT ASW.
Shell's share price takes a dip.
THE WORST OF TIMES WITH 92,000 THROWN ON DOLE.
Sorted and the City: Tennis ball plant jobs axed.
New bid to save Teesside jobs; BUSINESS TODAY: STEEL.
Corus Lotto winners to be unveiled.
Corus Lotto winners to be unveiled.
Plant closing in Searcy; expansion in Forrest City.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters