Tata Steel Job Cut

Around 1,500 Tata Steel workers in Port Talbot and Llanwern in Wales will begin an "all-out indefinite strike action" from July 8 to protest the company's "disastrous plans" to cut 2,800 jobs and close its blast furnaces.

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.

Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source said Thursday, as the industry struggles to finance greener production of the metal.

Indian-owned steelmaking giant Tata Steel announced Monday it was scrapping 800 jobs at its under-pressure plant in the Netherlands to "improve market conditions and bring down costs."

Tata Steel said on Friday it could close its major plant at Port Talbot in Wales unless it receives British government aid of 1.5 billion pounds ($1.8 billion) to help decarbonise production.

Tata plans to cut about 1,000 jobs in the Netherlands

"Our financial situation is serious and there's an urgent priority to improve the performance of the business and our cash position," CEO Henrik Adam said.

Tata Steel Europe said on Wednesday it had begun talks with its workers on a "transformation programme" that involves up to 3,000 job cuts, prompting an angry response from union leaders who said the plan needed to be revised.

Tata announced the cuts late on Monday as part of wider efforts to boost profitability in Europe, saying around half of the losses would be in the Netherlands and around two-thirds would be office-based roles.

The steel major released its proposals for a transformation programme of its Europe operations in which it also said that most of the employees to be laid off are likely to be white-collared or office employees.

Indian group Tata Steel said Monday it would slash up to 3,000 jobs in Europe as it restructures European operations following the collapse of a planned merger.

Tata Steel, which launched a transformation programme in June to strengthen its European business, has operations including steel-making in 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.

Steel prices were high and demand was booming then. Now, confronted with falling prices and slower consumption, steelmakers are facing the risk of credit downgrades, job losses and cuts in capital expenditure.

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.

British Steel began operating the Scunthorpe plant after Tata Steel had sold the unit to investment group Greybull Capital for a token 1 pound in June last year.

Around 1,500 Tata Steel workers in Port Talbot and Llanwern in Wales will begin an "all-out indefinite strike action" from July 8 to protest the company's "disastrous plans" to cut 2,800 jobs and close its blast furnaces.

Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.

Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source said Thursday, as the industry struggles to finance greener production of the metal.

Indian-owned steelmaking giant Tata Steel announced Monday it was scrapping 800 jobs at its under-pressure plant in the Netherlands to "improve market conditions and bring down costs."

Tata Steel said on Friday it could close its major plant at Port Talbot in Wales unless it receives British government aid of 1.5 billion pounds ($1.8 billion) to help decarbonise production.

Tata plans to cut about 1,000 jobs in the Netherlands

"Our financial situation is serious and there's an urgent priority to improve the performance of the business and our cash position," CEO Henrik Adam said.

Tata Steel Europe said on Wednesday it had begun talks with its workers on a "transformation programme" that involves up to 3,000 job cuts, prompting an angry response from union leaders who said the plan needed to be revised.

Tata announced the cuts late on Monday as part of wider efforts to boost profitability in Europe, saying around half of the losses would be in the Netherlands and around two-thirds would be office-based roles.

The steel major released its proposals for a transformation programme of its Europe operations in which it also said that most of the employees to be laid off are likely to be white-collared or office employees.

Indian group Tata Steel said Monday it would slash up to 3,000 jobs in Europe as it restructures European operations following the collapse of a planned merger.

Tata Steel, which launched a transformation programme in June to strengthen its European business, has operations including steel-making in 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.

Steel prices were high and demand was booming then. Now, confronted with falling prices and slower consumption, steelmakers are facing the risk of credit downgrades, job losses and cuts in capital expenditure.

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.

British Steel began operating the Scunthorpe plant after Tata Steel had sold the unit to investment group Greybull Capital for a token 1 pound in June last year.