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TATASTLBSL - Tata Steel BSL News Story

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

UPDATE 1-Striking workers block doors of Tata Steel plant in Netherlands

Tue 26th May, 2020 11:31am
(Adds labour union comments, more detail)
    AMSTERDAM, May 26 (Reuters) - A group of around 100 striking
workers blocked the doors at Tata Steel's main IJmuiden plant in
the Netherlands on Tuesday morning, in what labour
representatives said was a spontaneous move and a prelude to
major action in the coming weeks.
    Workers at the Dutch subsidiary have been unhappy since the
departure last week of their CEO Theo Henrar, which prompted an
angry response as he was seen as a strong advocate against 
Tata's plans to cut around 1,000 jobs in the Netherlands.
    Frits van Wieringen, the spokesman of the company's works
council, said Tuesday's unplanned strike had not affected
production, but that the council expected a "major action" in
the short term.
    "People are so angry, this situation is certain to
escalate", he said.
    Tata Steel Netherlands' Central Works Council (CWC) has said
it fears that Tata Steel Europe aimed to cut its Dutch
operations in order to save its loss-making British business.
    The company's Dutch officials could not be immediately
reached for comment.
    Labour union FNV said it would stage a large rally on June
4, at which Tata's Dutch employees would decide on strikes and
possible further actions.
    "We are gearing up for a huge fight", FNV spokesman Roel
Berghuis said.
    "We want guarantees on job security, and an end to plans to
integrate Dutch and British operations", he said.
    Tata Steel Europe employs 21,500 people, including 9,000 at
IJmuiden in the Netherlands and 8,500 in Britain.

 (Reporting by Toby Sterling and Bart Meijer; Editing by Mark
Potter and Emelia Sithole-Matarise)
 ((toby.sterling@thomsonreuters.com; +31 20 504 5002;))
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