Tata Steel, one of the world's biggest steel companies, is reportedly planning to restructure its Indian business to reduce costs and increase productivity as poor demand and heightened competition from imports have weighed on profits. Restructuring at Tata Steel will take place across all business functions including human resources, production, transportation, marketing and so on. The company is in talk with many big consultants in India to roll out several cost-cutting and revenue enhancement projects.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
