Potential Corus closure threatens PD Ports jobs

PD Ports has written to all of its 600 workers at Teesport to inform them that up to 20% of them could be made redundant because of volume decreases. PD Ports’ CEO David Robinson told IFW it may need to make up to 120 redundancies as steel producer Corus has threatened to close Teesside Cast Products because it claims slab buyers failed to meet an agreement to buy a set volume. If the plant were to close, the port would potentially lose up to 9m tonnes of dry bulk and 2.4m tonnes of finished slab steel.