Corus, which was formerly part of nationalised company British Steel, merged with Indian industrial giants Tata Steel in 2007. Tata Steel is part of the Tata empire that includes car makers Jaguar and Land Rover, as well as Tetley Tea and Tata Communications.
Since the acquisition the steel manufacturing industry has been hit by the economic slowdown with orders declining as the heavy users of steel in construction and car manufacturing witnessed dwindling order books.
In January 2009 Corus announced an efficiency drive as part of its "strategic initiative to enhance competitiveness", which included job cuts as steel plants in the UK and an efficiency review to include IT. Cost reduction targets of 20 per cent were announced with human resources, finance and IT functions all being placed into an overheads review as part of the initiative.
Bruno Laquet, CIO at Corus is experienced at what difficulties M&A activity at Corus can throw at an IT team and remains at the helm as the company integrates itself into Tata Steel.
In 2008 Corus renewed outsourcing deals with Capgemini to manage its mainframe infrastructure in a deal that runs to 2012.