Tata groups' Tata Steel tookover Anglo-Dutch steel maker Corus for about 6.7 billion pounds ($12 billion) in 2007. While Tata Motors snapped up luxury car maker jaguar Land Rover in 2008 for more than $2 billion from US auto major Ford. Reports suggest that UK government is expected to come up with assistance to boost the country's car industry, which is hit by the ongoing recession.
The Sunday Times reported that the union leaders are in last round talks with the company officials to ward off impending job cuts. The job cuts are part of Corus management's plan to introduce changes gradually. But the plan has been accelerated by the crisis in the world steel industry.&13;
OneIndia News (With inputs from Agencies)