Tata Steel s planned job cuts in Britain are seen as the "least bad option" by CEO T V Narendran, who hopes to reach a conclusion with unions in the next two months. The company will close two blast furnaces, resulting in up to 2,800 job losses. Trade unions have rejected the plan and are considering industrial action.
Tata Steel, a major employer over 8,000 personnel in the UK, had previously signaled potential job losses in September when the government unveiled a funding package aimed at safeguarding 5,000 jobs, as per report on Reuters. , Companies News, Times Now