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Corus may cut jobs

June 26, 2009 20:12 IST

Corus may cut jobs

India's Tata Steel Ltd on Thursday missed forecasts with a 60 percent drop in consolidated net profit for the fiscal year ended March.

It said 2,045 jobs in Europe units were at risk.

Its Anglo-Dutch Corus unit was starting consultations on job cuts due to the continued deterioration in market conditions and falling demand.

Image: Corus may cut jobs

Source: ANI