Steel giant Tata is cutting 900 jobs and closing 12 sites under plans to improve competitiveness, the firm announced today.
But a spokesman for Tata, which has a base in Corby, has said staff at the site in the north of the county will not be affected.
Most of the job losses will be in South Wales, including 500 at the Port Talbot plant, under restructuring of management and administrative posts.
A total of 580 jobs will be cut in Wales, 155 in Yorkshire, 120 in the West Midlands and 30 on Teesside.
Sites to close include Tafarnaubach and Cross Keys in South Wales, while shift levels at the company’s Rotherham and Hartlepool plants will be reduced to match production to lower demand for bar products and pipelines.
A spokesman for Tata Steel said: “The situation at Corby remains the same and the operation there is not affected by today’s announcement.”
Indian-owned Tata Steel has also announced it will re-start one of two blast furnaces at Port Talbot in the first quarter of next year as part of a £250 million investment programme.
Karl Kohler, chief executive of Tata Steel’s European operations, said: “Today’s proposals are part of a strategy to transform ourselves into an all-weather steel producer, capable of succeeding in difficult economic conditions.
“These restructuring proposals will help make our business more successful and sustainable, but the job losses are regrettable and I know this will be a difficult and unsettling time for the employees and their families affected.
“We will be working with our trade unions and government at a national and local level to ensure we provide them with as much assistance and support as possible.
“In addition, our subsidiary UK Steel Enterprise will be looking at how it can provide more support to local steel communities and stimulate new jobs following today.s announcement.
“We will strengthen this work with a further £650,000 to help them create new jobs in affected areas. UK Steel Enterprise has teams in all the affected locations who, for almost four decades, have helped to regenerate local economies and create 70,000 new jobs in the UK.
“We will do everything we can to reduce the impact of the proposals on employees and, where possible, we will look to achieve job losses through voluntary redundancies.”
The site in Corby was recently visited by Prime Minister David Cameron.