Tata-owned steel giant Corus has decided to axe 400 jobs at its distribution unit due to global economic downturn.
The proposed job cuts will be spread across United Kingdom, comprising 100 in the West Midlands, around 100 in North Wales, 50 in South Wales and 50 in Leeds.
The company stated that its distribution business had been operating in an unstable and irregular market since the start of the year.