Mr B Muthuraman VC of TATA Steel asked a member of British Parliament not to be over critical about the company’s strategy in dealing with problems in Corus.

As per report Mr Muthuraman has written to Redcar MP Ms Vera Baird as saying that her continued criticism of Corus is damaging the company’s efforts to find a new strategic partner for Teesside Cast Products.

He said that “Continued criticism of the company and of Corus CEO and MD, Mr Kirby Adams in particular, is unfair and unwarranted. Such criticism is unhelpful to the company and its workforce.”

Mr Muthuraman also wishes to meet Vera Baird to discuss issues of mutual interest.

He said that “The Redcar plant was mothballed after a consortium of buyers cancelled a legally binding 10 year agreement. Corus kept the plant going for as long as it could and at a cost of unsustainable losses of over GBP 150 million to the company.”

Mr Muthuraman said that Mr Adams and his team have worked tirelessly to find a solution and continue to do so. He further said TATA Steel remained open to any credible offer that ensured long-term solution for steel making in Teesside but most offers received so far had been without substance or credibility.

(Sourced from BS)