Caparo steel group to cut 452 jobs across UK sites

Caparo Precision Tubes Oldbury

Steel company Caparo Industries is cutting 452 jobs across its UK sites after going into administration earlier this month.

More than 300 jobs are being lost at plants in the West Midlands, with other losses at sites in Hartlepool, Wrexham and Tredegar, administrator PWC said.

Unions blame cheap steel imports for Caparo’s financial problems.

A number of sites have closed with immediate effect and more jobs are expected to go in the coming weeks.

A skeleton staff will remain at some of the sites to shut them down over a period understood to be a matter of weeks, before they also lose their jobs.

Vehicle technology divisions Caparo Forging Europe at Dudley, West Midlands, and Hartlepool in Teesside and the Caparo Atlas Fastenings business at Darlaston, also in the West Midlands, have shut.

Also closing down is the steel products division Fairbright Wire & Caparo Tubes in Tredegar, Blaenau Gwent.

Thousands of job losses have been announced in the steel sector in recent weeks, with the collapse of SSI in Redcar, Cleveland, and cutbacks at Tata Steel in North Lincolnshire and in Lanarkshire.


Locations and immediate redundancies

  • Darlaston 122
  • Hartlepool 79
  • Oldbury 68
  • Dudley 64
  • West Bromwich 59
  • Tredegar 17
  • Wrexham 12
  • Cradley Heath 10
  • Other 21

Total 452

Source: PWC



Paul Wood, who has worked at Caparo Forging, in Netherton, Dudley, for nine years said he was called to a meeting during the morning at which he was told he would lose his job. He said he was “devastated”.

The Netherton foundry has been there for a century and makes gears for Volvo lorries and Scania lorries.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

One Response to Caparo steel group to cut 452 jobs across UK sites

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s