Tata Steel on Wednesday announced the merger of five strategic businesses of the group with itself as part of an integration process aimed at simplifying business portfolio.
Tata Steel Monday said its Netherlands unit would scrap around 800 jobs at its under-pressure plant in IJmuiden near Amsterdam to ‘improve market conditions and bring down costs’
Tata Steel had in September announced its plans to invest in a scrap based EAF at Port Talbot, UK, at a cost of 1.25 billion pounds with a government grant of 500 million pounds.