Tata Steel Europe plans to cut 1250 jobs. Henrik Adam, CEO of Tata Steel, said: "the financial situation of Tata Steel Europe is very serious at present, and there is an urgent need to improve the company's performance and financial situation." Tata Steel has decided Comparison of SA572 Gr.50 and SA573 Grade 70 carbon plate in November 2019 to cut 3000 jobs in its European operations to reduce costs. After a period of negotiations with the European labour Commission, the layoff plan cut that number by more than half, minimizing unemployment. Tata Steel has about 20000 employees in Europe.
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The company's logistics team adheres to the development concept of “gathering advantages, providing superior services, creating value, and leading the market”, and tightly focuses on the strategic positioning of “developing large-scale steel logistics and building large-scale steel supermarkets”. Facing the whole country and integrating into the world to build an "one center, one network" international circulation system. Through the development of 5-10 years, it is expected to form a modern steel industry with annual operating income exceeding 2.5 billion yuan.
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