January 11 - At the beginning of December 2009, Corus announced its intentions to mothball some of its Teesside Cast Products (TCP) operations with effect from the end of January 2010.
Since that date PD Ports has subsequently met with senior Corus representatives and this remains the understanding of the situation.
The restructuring activity that PD Ports has engaged in over the last six months, and the growth in other business areas such as the port's container handling operations at Teesport means that there will be no further job losses at the port as a result of the partial mothballing of Corus TCP.
PD Ports will redeploy some Teesport employees into the unitised side of the business, and others into positions that have deliberately been left unfilled pending the Corus TCP outcome.
David Robinson, PD Ports' group chief executive, said: "The redeployment of some of our Teesport employees will be underpinned by an extensive retraining programme, which will commence later this month.
"We can now continue to move the business forward, seeking further growth and investment in our unitised and bulks operations to secure jobs at Teesport and throughout our business in the future.
PD Ports Limited was bought by Canadian based Brookfield, a global asset manager focused on property, renewable power and infrastructure assets, in November 2009.