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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