Tata Steel Ltd.

Tata Steel's tubes business in Europe has chalked out a recovery plan to match business operations to current and projected market demand in the foreseeable future. The plan will focus on efficiency improvements and cost reductions with the aim of enabling the business to withstand the current weak economic conditions and restoring its profitability.

Tata Steel’s four tubes sites in the UK and the Netherlands will be affected by this recovery plan. The company anticipates job losses of around 110 employees at Corby in the UK and, in the Netherlands, 17 in Zwijndrecht, 28 in Maastricht and 45 in Oosterhout.

Tata Steel Group is amongst the leading steel manufacturers in the world with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries.