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Tata Steel: 1,000 UK jobs to go amid worldwide cuts | Tata Steel: 1,000 UK jobs to go amid worldwide cuts |
(32 minutes later) | |
Tata Steel has announced it expects to cut 1,000 jobs across the UK as part of the company's restructuring plans. | Tata Steel has announced it expects to cut 1,000 jobs across the UK as part of the company's restructuring plans. |
Two thirds of the job losses will be management and office-based roles, Tata said. | Two thirds of the job losses will be management and office-based roles, Tata said. |
1,600 positions are also set to go in the Netherlands, with 350 others elsewhere in the world. | 1,600 positions are also set to go in the Netherlands, with 350 others elsewhere in the world. |
Tata Steel's Europe CEO, Henrik Adam, said the company "cannot afford to stand still" as "the world around us is changing fast and we have to adapt". | Tata Steel's Europe CEO, Henrik Adam, said the company "cannot afford to stand still" as "the world around us is changing fast and we have to adapt". |
Steelworker's union Community said it was "seriously concerned". | |
"We have been presented with short-term plans, which only create worry and uncertainty and do little to inspire confidence," it added. | |
"It feels like the company is just managing decline and we need a significant change of direction that can inspire the workforce that they have a future." | |
Tata has one steelmaking site and five other facilities in Wales. | Tata has one steelmaking site and five other facilities in Wales. |
Port Talbot employs 4,000 workers - nearly half of Tata's UK workforce - but the firm is yet to specify which UK locations will suffer the cuts. | Port Talbot employs 4,000 workers - nearly half of Tata's UK workforce - but the firm is yet to specify which UK locations will suffer the cuts. |
The firm first announced plans to cut 3,000 jobs across its European business last week, in a bid to come to terms with a "severe" international steel market. | The firm first announced plans to cut 3,000 jobs across its European business last week, in a bid to come to terms with a "severe" international steel market. |
In a bid to improve financial performance, the company also expects to increase its sales of higher-value steels, optimise production processes and reduce its procurement costs. | In a bid to improve financial performance, the company also expects to increase its sales of higher-value steels, optimise production processes and reduce its procurement costs. |
Community said the job cuts were "a consequence of management failure to have a Plan B following the collapsed of the joint venture with Thyssenkrupp". | |
David Rees, Assembly Member for Aberavon, said the "uncertainty" of not knowing where the UK roles will be cut "does not help steelworkers, their families and the wider community". | David Rees, Assembly Member for Aberavon, said the "uncertainty" of not knowing where the UK roles will be cut "does not help steelworkers, their families and the wider community". |
Tata employs about 20,000 people worldwide and is owned by India's Tata. | Tata employs about 20,000 people worldwide and is owned by India's Tata. |
Tata's UK plants were put up for sale in March 2016, leading to months of uncertainty. | Tata's UK plants were put up for sale in March 2016, leading to months of uncertainty. |
However, the move was put on hold and a 10-year £1bn investment plan was announced for the UK's biggest steelworks at Port Talbot - if market conditions allowed - along with a commitment to try to avoid compulsory job losses. | However, the move was put on hold and a 10-year £1bn investment plan was announced for the UK's biggest steelworks at Port Talbot - if market conditions allowed - along with a commitment to try to avoid compulsory job losses. |
Tata explored merger options with Thyssenkrupp over the next two years and a deal was finally agreed in the summer of 2018. | Tata explored merger options with Thyssenkrupp over the next two years and a deal was finally agreed in the summer of 2018. |
But competition concerns emerged over creating what would be Europe's second biggest steelmaker and the deal fell through. | |
The European Commission, which blocked the merger, said the companies "did not offer adequate remedies" to pricing and competition concerns. |