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Tata Steel will continue to take tougher decisions for its Europe operations to keep its overall business growing, brokerages and rating agencies said.
Dutch media outlet NH Nieuws recently reported that Tata Steel Europe, a subsidiary of Tata Steel India, has decided to cut 2,500 jobs, or 25 per cent of its workforce in Europe to save $930 million in costs. The final plan on job cuts will be ready by November, it said.
“Performance of Europe operations is going nowhere and it continues to need a lot of support from India operations. In such a scenario, it makes sense
