The Decline of The Steel Industry
In 1967 the British steel industry was nationalised and the Stewarts & Lloyds steel tube works at Corby became part of British Steel. In 1973 the government approved a strategy of consolidating steel making in five main areas – South Wales, Sheffield, Scunthorpe, Teesside and Scotland – most of which are coastal sites with access to economic supplies of iron rich imported ores. Thus in 1975 the government agreed a programme that would lead to the phasing-out of steel making in Corby. In November 1979 the end of iron and steel making in Corby was formally announced. By the end of 1981 over 5,000 jobs had been lost from British Steel in Corby, and further cuts took the total loss to 11,000 jobs, leading to an unemployment rate of over 30%. Steel tube making continued, however, initially being supplied with steel by rail from Teesside and later from South Wales.
Famous quotes containing the words decline, steel and/or industry:
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“We are caught up Mr. Perry on a great wave whether we will or no, a great wave of expansion and progress. All these mechanical inventions—telephones, electricity, steel bridges, horseless vehicles—they are all leading somewhere. It’s up to us to be on the inside in the forefront of progress.”
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“The Founding Fathers in their wisdom decided that children were an unnatural strain on parents. So they provided jails called schools, equipped with tortures called an education. School is where you go between when your parents can’t take you and industry can’t take you.”
—John Updike (b. 1932)