Tata Steel UK

  • Tata Steel to shut UK technology centres, job cuts expected April 29, 2013

    London: Steel giant Tata Steel has reportedly warned the British government that it plans to shut down two research and development facilities in the country and shift them overseas including to India, resulting in 300400 job cuts in the UK. In a move that will be seen as a major...
  • Moody's downgrades Tata Steel UK's rating August 8, 2012

    New Delhi: Moody's on Wednesday downgraded the rating of Tata Steel UK Holdings Ltd by one notch stating the operating environment of the European steel industry will weaken further in the coming months. Tata Steel has now been given B3 rating by the rating agency, which said in a statement that...
  • S&P lowers outlook of Tata Steel July 27, 2012

    New Delhi: Standard & Poor's on Thursday lowered the outlook of Tata Steel and its UKbased subsidiary TSUKH to 'negative' from 'stable' citing continued weak performance. "We assess Tata Steel on a consolidated basis, including Tata Steel UK Holdings (TSUKH), which represents about half of the company's total consolidated assets. We...