Steel giant Tata cuts 900 jobs

Steel company Tata is cutting 900 jobs and closing twelve sites under plans to improve competitiveness, the firm announced now.

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Tata Chief: Job losses part of 'transformation strategy'

Tata's European Chief said he today's job losses are part of a "transformation strategy" to make the company capable of succeeding in "difficult economic conditions." Karl Kohler said:

Today's proposals are part of a strategy to transform ourselves into an all-weather steel producer, capable of succeeding in difficult economic conditions.

These restructuring proposals will help make our business more successful and sustainable, but the job losses are regrettable and I know this will be a difficult and unsettling time for the employees and their families affected.

We will be working with our trade unions and government at a national and local level to ensure we provide them with as much assistance and support as possible.

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