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Corus under pressure regarding Teesside plant closure

Corus, one of the world's largest steel producers, will this week receive a hard-hitting report from MPs warning that the company needs to ensure the "mothballed" plant on Teesside is not wound down to the point where it cannot be reopened when the economy improves. While many of the 1,600 workers at the plant have already lost their jobs a number have been retained in other areas of the operation and some are indeed helping with the closure of the plant itself.

It is unclear exactly how MPs and the UK government could order Corus to retain the plant in working condition but in the run-up to the next general election we are likely to see significant political manoeuvring between various parties. We also need to remember that the plant in question is located in a Labour party stronghold and there will indeed be significant pressure on the government to offer some kind of financial assistance.

So far Corus has been fairly quiet on the rumoured move by MPs and the government and ultimately the company has enough sway in the UK, with other operations providing significant job numbers, to effectively overrule any UK government ideas. It was also noticeable that no representatives from Corus were in attendance at the recent review of the planned closure by MPs, despite an invitation by the authorities.

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