British Steel To Cut 2,000 Jobs
British Steel plans to cut 2,000 jobs as it prepares to substitute its coal-powered blast furnaces with electric arc furnaces.
The measure is directed towards achieving cost efficiencies and manufacturing greener steel.
The firm was committed to "providing long-term, skilled and well-paid careers for thousands of employees and many more in our supply chains".But he added it was "continuing to assess our options," a spokesperson from the organisation was quoted as saying.
"As part of our journey to net zero, it is prudent to evaluate different operational scenarios to help us achieve our ambitious goals," the source added
