Tata Steel’s tubes unit to focus on cost reductions

Wednesday, 25 January 2012 17:11:15 (GMT+2)

Tata Steel Europe, a subsidiary of India's Tata Steel, has announced that its tubes unit will implement a recovery plan that will focus on efficiency improvements and cost reductions.

The recovery plan aims to enable the business to withstand the current weak economic conditions and restore its profitability.

Four tubes sites in the UK and the Netherlands are expected to be affected by the plan, with 110 job losses anticipated at Corby in the UK and at Zwijndrecht, Maastricht and Oosterhout in the Netherlands.

Remco Blaauw, managing director of Tata Steel's European tube business, stated that they would seek to minimize the impact on employees.

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