400 jobs will be lost at British Steel, the proposed losses will be in managerial and back office roles in the UK, Ireland, France and the Netherlands.
British Steel employs 4,000 workers in the UK, predominantly in Scunthorpe, but also has plants in Teesside and Workington.
Roland Junck, British Steel’s executive chairman, said: “To help us achieve this, we have to make difficult decisions and our plans unfortunately include the proposed reduction of 400 roles across our global workforce.
“We’re sad to be making this announcement, particularly for our colleagues who could be affected. The skill and dedication of our employees has helped us come a long way in a short period of time.”
A spokesman for the National Trade Union Steel Coordinating Committee said: “This announcement will come as a body blow to the workforce who have already made huge sacrifices to make the business sustainable.
“We recognise these are challenging times for UK steelmakers, and it’s high time the government stepped up and delivered for us by supporting investment in strategic steel assets.
“However it is particularly disappointing the company has chosen to cut jobs so soon after celebrating a second successful year and first quarter profits of £21m.”