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1,200 more jobs to go at Corus

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In a BBC article, this morning, is an announcement of a further 1,200 job losses at the giant steel making company Corus.

The news follows 1,400 redundancies announced in June and the company has warned that further job cuts cannot be ruled out.

Corus, formed by last year's merger between British Steel and Koninklijke Hoogovens, has blamed the strong pound and a decline in steel demand by UK manufacturers for the job losses.

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