London: Steelmaker Corus is poised to axe up to 3,500 jobs next week, The Sunday Times reported.
The precise number of lay-offs at the Anglo/Dutch steelmaker, owned by India's Tata Steel, were being thrashed out over the weekend, according to the paper.
The job cuts are part of a long-term restructuring drawn up by outgoing chief executive Philippe Varin, but it has been accelerated by the crisis in the global steel industry, the paper said.
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