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Corus to cut work hours of 4,600 staff

AMSTERDAM: Tata Steel unit Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers. Under the terms of the government support, if approved, Corus workers in the Netherlands would be paid 70 per cent of their wage via unemployment benefits, while Corus would pay the other 30 per cent over a period of six weeks, starting in January, a spokesman for trade union FNV told ANP.

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