Tata Steel accepts $130-mn to settle UK plant loss

Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.The......

Teesside case: Tribunal rules in Tata's favour

Tata Steel on Tuesday announced that a tribunal had given a partial final award in its favour in an ongoing arbitration proceeding between its UK operations (formerly Corus) and a four-member group......

Corus layoffs: Union says fight is not yet over

It is Tuesday afternoon. Probably the reason why the high streets in Redcar, Middlesbrough, show little signs of activity. Yet, the sight seems a sharp contrast to other larger cities in the UK......

1,700 Corus workers set to lose job

Tata Steel's European arm Corus on Friday said it will halt operations at some of its facilities at its Teesside Cast Products (TCP) business in the UK by next month, rendering as many as 1,700......