[Ferro-Alloys.com] Dutch newpaper Telegraaf reported that despite announced layoffs, employment at Tata Steel Nederland in IJmuiden will be guaranteed until October 2021. The management of Tata Steel Nederland wrote in a letter to trade union FNV said that it will adhere to previously made agreements with the trade unions, but added that eventual layoffs are inevitable. The letter said "The management confirms that both FNV and the management have signed the employment pact and that we have both committed ourselves to it. The pact is then also the guideline for the development of the improvement program of Tata Steel Nederland. It goes without saying that we will both adhere to the pac.”
The management added, however, that it is inevitable that jobs will disappear, because steel production, margins, and the earnings model are al under great pressure.
Agreements previously made with the trade unions mean that no layoffs are possible in the Netherlands until at least October 2021.
In November, after months of speculation, Tata Steel confirmed that the group was cutting 1,600 jobs in the Netherlands, and another 1,400 jobs in the rest of Europe. (STEELGURU)