Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Tata Steel Nederland, a steel manufacturer operating under the Indian Tata Steel Group, announced on 3 April 2025 a major internal restructuring that will lead to the reduction of approximately 1,600 full-time positions at its site in IJmuiden. This figure represents nearly one-fifth of the total workforce and primarily affects management and support services. The reorganisation is part of a broader transformation strategy aimed at cost reduction, centralisation, and increasing competitiveness amid ongoing financial struggles.
The decision follows significant financial losses (over €550 million in FY 2023–2024 and continued heavy losses in FY 2024–2025), driven by high energy costs, CO₂ taxes, geopolitical trade tensions, and declining demand in the European steel sector. The restructuring is expected to be implemented swiftly but in consultation with employee representation and with a social plan. Talks with the Dutch government are ongoing regarding state support, which is contingent on financial stability and environmental improvements. Trade unions (FNV and CNV) have expressed strong opposition and are considering action.
Updated, 24/07/2025 With regard to the number of jobs cut, Tata Steel now revised the total down to 1,224 positions. However, unions FNV and CNV remain highly critical, citing major flaws in the execution and communication of the reorganisation. They warn of potential chaos as 3,500 employees are now subject to internal job reapplication processes due to a complete reconfiguration of organisational structures, including the abolition and creation of over 2,000 new positions. Final decisions are expected by the end of Q4 2025, and negotiations with the Dutch government on possible state support remain ongoing.
Eurofound (2025), Tata Steel, Internal restructuring in Netherlands, factsheet number 202615, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202615.
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