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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys
100 - 300 jobs Number of planned job losses
Announcement Date
20 September 2017
Employment effect (start)
Foreseen end date
Description
Two international steel producers, the Indian-owned Tata Steel Europe and German ThyssenKrupp, will merge their European steel producing activities, resulting in some 4,000 job losses across Europe of which between 100 and several hundred job losses are expected to fall in the Netherlands, where one of Tata Steel Europe's largest steel production facilities is located in IJmuiden (west Netherlands).
Some of the jobs will be concentrated among support staff in for example sales, marketing, and administration, resulting from a duplication of positions during the merger, and are expected to affect various locations across the Netherlands. About half of job losses are expected to fall in production jobs at Tata Steel but may not disappear, as downstream activities are sold off to other companies. The unions already anticipated job losses when the merger was first announced. The director of the Dutch division of Tata Steel Europe has stated that an employment pact has been negotiated with the unions, according to which the majority of job losses are expected to occur through natural attrition.
As of October 2017, the Tata Steel Group employs some 80,000 employees in some 50 countries worldwide. ThyssenKrupp employs some 156,000 employees in over 80 countries worldwide.
Sources
21 September 2017: fd.nl
20 September 2017: bnr.nl
20 September 2017: rtlz.nl
20 September 2017: fd.nl
Citation
Eurofound (2017), Tata Steel, Merger/Acquisition in Netherlands, factsheet number 92217, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92217.
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