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Tata Steel to Cut 1.6K Jobs in Netherlands
Business Standard
|April 10, 2025
Says challenging demand conditions hit operating costs
Tata Steel on Wednesday announced plans of cutting 1,600 jobs in the Netherlands as part of a transformation programme. This comes as the Dutch unit of the steel major battles escalating costs amid economic uncertainty.
Tata Steel Netherlands' operations were impacted in FY24 due to a delay in relining one of the blast furnaces. In FY25, liquid steel production volumes were near capacity at 6.75 million tonnes per annum.
However, challenging demand conditions in Europe, driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs, have affected the operating costs and financial performance, Tata Steel said.
The company said that it was committed to ensuring that its Netherlands operations becomes one of the most competitive, successful and efficient in Europe.
Diese Geschichte stammt aus der April 10, 2025-Ausgabe von Business Standard.
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