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 has announced to cut 3,000 jobs across its European operations to cope with 'unprecedented' market conditions. About two-thirds of the job cuts will affect administrative support services. The announcement was made without any consultation with worker representatives in the UK, according to the Guardian.
In a statement, published on 18 November, the European Works Council (EWC) highlights that the employee representatives opinion, while acknowledging that there are challenges across Tata Steel Europe, is that 'this transformation programme is a direct result of Tata’s failure to deliver the joint venture with ThyssenKrupp and the complete absence of any plan B'. The EWC believes that employees should not pay the price for Tata’s failures, and they oppose compulsory redundancies in the Netherlands, the UK and elsewhere in Europe.
On 27 November, the management has announced to the European Works Council that job cuts will mainly occur in the UK (1,000 positions) and in the Netherlands (1,600 positions). The remain job cuts will occur in its operations elsewhere in the world.
Update 13/03/2020: Tata Steel has revised to 1,250 the number of job cuts in the EU in the framework of the worldwide reorganisation announced in November 2019. The company stated that it has ecountered difficulties due to a number of reasons: cost of raw materials, decrease in manufacturing activity, competition against Chinese imports, and the current coronavirus pandemic. The job reductions measures involve a mix of redundancies and non-replacement of departing employees (retiring or leaving the company).
Eurofound (2019), Tata Steel, Internal restructuring in World, factsheet number 99164, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99164.
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