This archive report was first published on 18 November 2019.
Published on November 18, 2019, Tata Steel announced plans to cut up to 3,000 jobs across Europe to address structural challenges and weaker demand for European steel.
The company, which employs 11,000 workers in the Netherlands, cited stagnant EU steel demand and global overcapacity as major factors contributing to the need for job cuts.
According to Tata Steel, about two-thirds of the cuts would likely affect administrative posts, while the remaining one-third would impact operational roles.
The announcement comes after the collapse of a proposed merger with Thyssenkrupp in May, which was aimed at dealing with a surge in Chinese-made steel.
Thyssenkrupp subsequently announced plans to slash 6,000 jobs, mainly in Germany, and filed a complaint against the European Commission for blocking the merger plan.
