Tata Steel faces battle with unions over plans to cut up to 3,000 European jobs
Updated : November 20, 2019 07:33 AM IST
Steelworkers in Britain and the Netherlands said on Tuesday they would fight Tata Steel's plans to cut up to 3,000 jobs across its European operations, as the sector wrestles with excess supply, weak demand and high costs.
Indian-owned Tata announced the cuts late on Monday as part of wider efforts to boost profitability in Europe, saying around half of the losses would be in the Netherlands and around two-thirds would be office-based roles.
In addition to its Dutch plant, Tata has a plant in Wales and downstream operations, including finished products, across Europe.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more