Tata Steel IJmuiden

Type
Internal restructuring
Country
Netherlands
Region
West-Nederland; Noord-Holland; IJmond
Location of affected unit(s)
IJmuiden
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys
24.10 - Manufacture of basic iron and steel and of ferro-alloys
1,600 jobs
Number of planned job losses
Job loss
Announcement Date
27 November 2019
Employment effect (start)
Foreseen end date

Description

Tata Steel has announced to cut 1,600 jobs in the Netherlands. Tata Steel wants to save €175 million on personnel costs as a part of a major restructuring. This major restructure is necessary due to the rising cost of raw materials and the decline in demand for steel. Two third of the 1,600 job cuts will be office and management positions. 

This restructuring can lead to some issues since the union ‘FNV Metaal’ will not be accepting compulsory dismissals, and the union underlines that it has an agreement with Tata Steel IJmuiden stating that until 1 October 2021 no employees of Tata Steel IJmuiden can be forced to leave.

Sources

Citation

Eurofound (2019), Tata Steel IJmuiden, Internal restructuring in Netherlands, factsheet number 99210, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99210.