The outbreak has already disrupted supply chains as well as production and would lead to job losses, warn analysts.
The Tata group, the Aditya Birla group, the Essar group and the JSW group are among conglomerates which have production units in Europe.
These companies are under tremendous pressure because of their reliance on international supply chains and owing to the falling demand.
Tata Steel Europe, which has substantial operations in Europe, had already announced plans to cut 1,250 jobs just before the corona pandemic hit the continent.
A company official said on Tuesday that its operations in Europe are normal and production has not been impacted. The media had reported earlier this month that an employee at its Netherlands plant tested positive for the virus.
This story is from the March 18, 2020 edition of Business Standard.
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This story is from the March 18, 2020 edition of Business Standard.
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