Tata Steel to cut around 20% of Dutch workforce, ANP News reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2025
0mins
Source: Reuters
Job Cuts Announcement: Tata Steel is planning to cut approximately 1,600 jobs in the Netherlands, which represents a 20% reduction in its workforce due to financial losses and market challenges.
Financial Struggles: The Dutch division of Tata Steel reported a loss of 556 million euros for the year ending March 31, 2024, primarily due to high energy costs and competition from cheap imports, along with facing increased tariffs from the U.S.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
