Indian-owned steelmaker Corus said on Friday it was cutting 1,700 jobs at a plant in northern England.
 
"An international consortium's breaking of a binding contract has led Corus to partially implement the proposal announced in May 2009 of mothballing some of the facilities belonging to the Teesside Cast Products (TCP) business in northeast England," Corus said in an official statement.
 
"The partial mothballing will result in the loss of about 1,700 jobs, around 600 fewer than envisaged earlier this year," it added.