Tata Steel to transform Netherlands operations, plans to cut 1,600 jobs

Tata Steel's Netherlands operations were impacted in FY24 due to a delay in the relining of one of the blast furnaces

Tata Steel on Wednesday announced plans of cutting 1,600 jobs in the Netherlands as part of a transformation programme. This comes as the Dutch unit of the steel major battles escalating costs amidst economic uncertainty.

 

Tata Steel Netherlands’ operations were impacted in FY24 due to a delay in relining one of the blast furnaces. In FY25, liquid steel production volumes were near capacity at 6.75 million tonnes per annum.

 

However, challenging demand conditions in Europe, driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs, have affected the operating costs and financial performance, Tata Steel said in