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Tata Steel plans to cut jobs across European operations
2019-11-19 10:05:05 【Print】
Tata Steel plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday.
Henrik Adam, the group's European chief executive, confirmed the company was planning to announce job cuts across the European business, which employs around 20,000 people.
No numbers have been made public. Indian-owned Tata Steel, which launched a transformation program in June to strengthen its European business, has operations including steelmaking in the Netherlands and Wales and downstream operations across Europe.
There will be no plant closures but the aim is to shield the company against the "huge number of challenges" it faces, the company said.
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Henrik Adam, the group's European chief executive, confirmed the company was planning to announce job cuts across the European business, which employs around 20,000 people.
No numbers have been made public. Indian-owned Tata Steel, which launched a transformation program in June to strengthen its European business, has operations including steelmaking in the Netherlands and Wales and downstream operations across Europe.
There will be no plant closures but the aim is to shield the company against the "huge number of challenges" it faces, the company said.
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