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Sector
Basic Materials
Size
Small Cap
Market Cap £242.0m
Enterprise Value £1.85bn
Revenue £1.69bn
Position in Universe 456th / 2996

Tata Steel Dutch workers groups blast plans for job cuts

Mon 18th May, 2020 11:03am
AMSTERDAM, May 18 (Reuters) - Dutch labour unions and the
works council of Tata Steel  TATS.NS  in the Netherlands on
Monday disclosed that the chairman of the subsidiary has been
dismissed and vowed to fight against 1,000 proposed job cuts.
    In a statement, the company's works council said that Theo
Henrar has been dismissed in what they described as
"incomprehensible and ill-considered" decisions made in the
interests of Tata Steel UK at the expense of the Dutch arm.
    "Both the shareholders in India and the European leadership
of Tata Steel have been failing to solve problems in Britain for
years," it said. "Millions of pounds and euros have not been
able to make Tata Steel UK profitable."

 (Reporting by Toby Sterling, editing by Louise Heavens)
 ((toby.sterling@thomsonreuters.com; +31 20 504 5002;))
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