Steel & Tube plans up to 200 staff layoffs

Tue, 28 Apr 2020

Steel & Tube is planning to make up to 200 staff redundant and warned its restructuring efforts and other coronavirus-related impairments and doubtful debt provisions will hurt this year's bottom line.The company said it is trying to "ensure a cost base that is fit for purpose" and has reviewed how it can maintain geographic coverage with recent investment in digital capabilities and e-commerce options enabling further rationalisation of its physical branch network."Unfortunately, these changes will impact on jobs and res...

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