Tata Steel says may cut about 1,200 UK jobs in restructuring

LONDON: Tata Steel, the biggest steelmaker in Britain, may cut about 1,200 jobs as part of plans to restructure its struggling operations, it said on Tuesday. The move would be another blow to the UK steel sector, hit by weak steel prices, after the liquidation of the UK’s second-largest steelmaker SSI UK was announced this month. Tata plans to halt production of steel plate, which would lead to about 900 job losses in Scunthorpe in northern England and 270 in Scotland, plus a small number at other sites, it said in a statement.