You are here: Home » Companies » News
Business Standard

Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger

Works council chairman Frits van Wieringen said that he was concerned they intend to dissolve the Dutch subsidiary

Reuters  |  AMSTERDAM 

The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary. Works council chairman Frits van Wieringen said that, after viewing the two companies' memorandum of understanding, he was concerned they intend to dissolve the Dutch subsidiary, which would strip away legal protections, and then lay off workers. "They are talking about 10 percent of jobs being lost, but we think it will be much more than ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, October 20 2017. 21:13 IST
RECOMMENDED FOR YOU