Tata Steel to cut over 2,000 jobs in Europe

Tata Steel has announced it expects to cut 1,000 jobs across the UK as part of the company’s restructuring plans.

Two thirds of the job losses will be management and office-based roles, Tata said.

In the Netherlands 1,600 positions are also set to go, with 350 others cut elsewhere in the world.

Tata Steel’s Europe CEO, Henrik Adam, said the company “cannot afford to stand still” as “the world around us is changing fast and we have to adapt”.

The firm first announced plans to cut 3,000 jobs across its European business last week, in a bid to come to terms with a “severe” international steel market.

As part of the comprehensive set of proposals, Tata Steel Europe intends to lower employment costs, the company statement said.

This is expected to lead to an estimated reduction in employee numbers of up to 3,000, about two-thirds of which would be management and office-based roles. Up to 1,600 are expected in the Netherlands, 1,000 in the UK and 350 elsewhere in the world, it said.

Via BBC