Tata Steel Ltd.

In a move that will be seen as a major blow to Britain's struggling industrial base, Tata Steel plans to shut down two research and development facilities in the country and shift them overseas including to India, which would result in 300-400 job cuts in the UK. It remains important to be noted that the company employs around 19,000 workers in Britain and controls 46 percent of the domestic market.

The company plans to close its technology centres on Teesside, in the north-east of England, and in Rotherham, South Yorkshire, over the next 18 months. The company, In November last year, revealed plans to restructure its British business, which would lead to 12 site closures and 900 job cuts. Tata Steel’s European operations have been hit by a combination of factors, viz, high energy costs, falling demand and plummeting steel prices.