Tata Steel to cut 3,000 European jobs due to excess supply, high costs

Topics Tata Steel | job loss | layoff

Tata Steel plans to cut around 3,000 jobs across its European operations as it wrestles with excess supply, a source close to the discussions told Reuters on Monday. Earlier, the group's European chief executive Henrik Adam said Tata was planning to announce job cuts across the European business, which employs around 20,000 people, but did not give figures on job losses.

Following a meeting of Dutch employees, a source told Reuters around 3,000 jobs would go and details would be worked out over the coming weeks. A Tata spokesman.

This article is no longer available in our repository.

There could be multiple reasons for this.