Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dutch Tata Steel employees hold further strike actions

Published 06/15/2020, 03:00 AM
Updated 06/15/2020, 03:05 AM
© Reuters. FILE PHOTO: A man walks past a screen displaying Tata Steel logo before the start of a news conference in Mumbai

AMSTERDAM (Reuters) - Dutch Tata Steel (NS:TISC) employees held further strike actions on Monday to protest against job cuts planned as part of a broader restructuring, the FNV union said.

A strike by workers on the nightshift, which started on Sunday at 2000 GMT, caused the entire production of packaging steel at Tata's IJmuiden plant to come to a standstill, FNV spokesman Roel Berghuis said.

It was the third day of strike actions at IJmuiden since they began on June 10, as employees demand a guarantee that a planned transformation of Tata's European steel activities will not lead to redundancies at Dutch operations.

FNV and other labour unions together represent more than 50% of Tata's 9,000 employees in IJmuiden.

© Reuters. FILE PHOTO: A man walks past a screen displaying Tata Steel logo before the start of a news conference in Mumbai

The Dutch unions say Tata is planning to cut 1,000 of 9,000 jobs in the Netherlands as part of a wider restructuring of its British-based European operations. Tata Europe says it does not plan forced redundancies.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.