Multi-million loss for Tata Steel Europe which has major works in Scunthorpe
LOSSES have been incurred by Tata Steel Europe, which operates the Scunthorpe works, during the latest quarter of the financial year - due to a major drop in orders from the construction industry.
The company today (Wed February 13) reported a loss for its European operation of $78 million (dollars) between October and December last year, compared to an $8 million deficit in the previous quarter.
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The Tata Steel works in Scunthorpe
World-wide Tata Steel recorded a loss of $96 million for the first nine months of the 2012-13 financial year and at the same time the company’s net debt had soared to £10.54 billion (billion) by the end of December.
Tata Steel employs around 4,000 people in Scunthorpe.
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4 Comments
by Jiggysaurus
Wednesday, February 13 2013, 5:54PM
“FHall.
Considering your lack of enthusiasm and generally constant snipes at the ST etc (which you obviously read regardless) maybe you should apply for a job with them and attempt to do better?
Whilst everyone is entitled to an opinion, yours are not worth wasting ones eyes on.
There are plenty of people that post similar, but far more amusing comments than yours. Much better thought out and by far more knowledgable people than you.
The figures ARE quoted in $'s. If you wish to have them in £'s sterling you could use some of your abundance of wasted time working it out for yourself.
You will even find a calculator on your PC/Laptop/Tablet so you don't have to move to do it.”
by ewbfchamp
Wednesday, February 13 2013, 4:15PM
“Management responsible but it will be workers who will lose their job if cuts are to be made to combat this loss !!”
by FHall
Wednesday, February 13 2013, 2:56PM
“I am sure the local population needed to be told Tata Steel Europe has major works in Scunthorpe
Thanks ST for informing us with your "learn something new" journalism. cCould you also not have changed the dollar figures into £'s after your cut and paste?
PS - IT'S SNOWING - HIT THE KEYBOARD AND GOOGLE !!!!”
by WILFANDALF
Wednesday, February 13 2013, 2:19PM
“plenty orders for jags and range roverseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeexcelent staff discounts”