The China Mail - Tata Steel to cut jobs at Dutch plant by 15%

USD -
AED 3.672503
AFN 64.999737
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 916.99979
ARS 1547.5057
AUD 1.425557
AWG 1.8
AZN 1.702002
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.462705
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.39491
CDF 2314.999913
CHF 0.81551
CLF 0.024533
CLP 965.559898
CNY 6.669794
CNH 6.66697
COP 3229.22
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.60035
DJF 178.04787
DKK 6.64712
DOP 60.044158
DZD 136.019746
EGP 53.880905
ERN 15
ETB 164.108289
EUR 0.88927
FJD 2.241251
FKP 0.743037
GBP 0.741955
GEL 2.605004
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.50319
GNF 8859.999526
GTQ 7.640777
GYD 209.490556
HKD 7.845285
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 322.863993
IDR 18044.5
ILS 3.163304
IMP 0.743037
INR 94.36695
IQD 1515.805747
IRR 1883408.498647
ISK 121.490226
JEP 0.743037
JMD 158.490264
JOD 0.709019
JPY 158.220503
KES 129.979698
KGS 87.44983
KHR 4065.567945
KMF 441.000163
KPW 899.999961
KRW 1341.95501
KWD 0.31076
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.73088
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 46.749438
MVR 15.455025
MWK 1733.74558
MXN 18.55437
MYR 4.046803
MZN 63.910274
NAD 16.458322
NGN 1346.320199
NIO 36.791229
NOK 9.285805
NPR 151.327626
NZD 1.772905
OMR 0.384485
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 62.85499
PKR 276.584484
PLN 3.90587
PYG 6062.867601
QAR 3.645272
RON 4.748506
RSD 104.583973
RUB 81.87644
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.793073
SDG 601.511276
SEK 9.749784
SGD 1.27613
SHP 0.745545
SLE 22.91035
SLL 20969.504398
SOS 571.481881
SRD 37.563979
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.396506
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.047495
TTD 6.77808
TWD 32.921971
TZS 2647.034989
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768982
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 583.322981
XAG 0.018922
XAU 0.000241946801
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 583.322981
XPF 105.958029
YER 236.175026
ZAR 16.364655
ZMK 9001.194858
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.087974
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Tata Steel to cut jobs at Dutch plant by 15%
Tata Steel to cut jobs at Dutch plant by 15% / Photo: © ANP/AFP

Tata Steel to cut jobs at Dutch plant by 15%

Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders.

Text size:

Tata blamed weak demand in Europe and global trade tensions, as US President Donald Trump's punishing tariffs on dozens of countries -- including European Union member states -- took effect.

The tariffs are part of an intensifying trade war that has sparked fresh market panic.

"The challenging demand conditions in Europe driven by geo-political developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance," said Tata, based in IJmuiden near Amsterdam.

The cuts would fall on management and support roles, Tata added.

"Tata Steel remains committed to ensuring that its Netherlands operation achieve their potential of being one of the most competitive, successful and efficient in Europe," it said.

Dutch unions condemned the decision at the plant, which employs 9,200 workers. In all, Tata employs 11,500 people in The Netherlands.

"This was a bolt out of the blue," said Hans Korver, a negotiator with De Unie, a union that represents mainly white-collar employees at the plant.

"We were particularly surprised by the scale of the cuts," he told AFP.

- 'Chaos' -

The nation's largest umbrella union federation FNV, said it "did not understand" Tata's restructuring plan.

"Even now there are no detailed plans. They only thing created now is chaos," it said in a statement.

Tata, in its statement, said "over the following weeks, an effective and comprehensive consultation process will be run on the proposed changes".

But the FNV said it would be discussing the announcement with its members on Monday to decide on further steps, with strike action "not excluded".

Tata Steel in November 2023 announced it was scrapping 800 jobs but in reality few jobs were slashed after the announcement.

The plant has been facing hefty fines because of harmful emissions in the area.

Dutch residents and the health authorities have accused it of being the main source of air, soil and water pollution in the area and of causing illnesses.

A pollution watchdog last week gave Tata a few more weeks to ensure that emissions complied to legal norms, or face fines running into millions of euros, Dutch media reports said.

Tata, in its statement Wednesday, said it was working towards more environmentally friendly and sustainable methods, such as changing from old blast furnaces to electric arc furnaces.

It planned to replace one blast furnace by the end of the decade, which it said would cut five million tonnes a year in carbon dioxide emissions.

Y.Parker--ThChM