Steel giant Tata wants to keep Corus intact

Indian steel giant Tata does not want to break-up the British-Dutch steel manufacturer Corus which it took over earlier this year, CEO Ratan Tata told the IJmuiden workforce on Tuesday.

‘We believe in growth not scrapping jobs,’ news service ANP reports Ratan Tata as saying at the opening of a new building.
Tata bought Corus for €9.1bn, making it the fourth largest steel maker in the world.

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