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, an Indian-owned global steel producer, has announced plans to cut 1,000 jobs in the UK as part of its European restructuring programme. The company said that two-thirds of the redundancies would affect management and office jobs but it is uncertain which UK locations will be affected. There is no information on the redundancy plan, yet.
Tata Steel Europe’s CEO explained that the company had to adapt to changing markets and become more sustainable. A representative of the trade union Community said they were not consulted about the cuts and added that they were shocked at the scale of the redundancies and were prepared for negotiations with Tata for a jobs guarantee contract, that should be effective until 2021.
Tata Steel UK owns steelworks in Port Talbot in South Wales and several steel mills and offices across the UK.
Eurofound (2019), Tata Steel, Internal restructuring in United Kingdom, factsheet number 99499, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99499.
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