Global steel giant Tata Steels in planning to refocus on high-value segments like aerospace, as it tries to rebuild its business strategy which will end up to cut up of 720 jobs maily at its UK facility. On the Rotherham-based bar business, the firm is underperforming in the face of commodity grade steel being imported to the UK due to the strong pound and high electricity cost which are double those of key European competitors. However, the company will work closely with those at risk and their trade union representatives to redeploy employees and minimise the number of compulsory redendancies.

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