(Bloomberg) — Tata Steel Ltd. plans to axe as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K.About two-thirds of the reductions would be office-based staff, the company said in a statement. Tata Steel — which has steel-making facilities in the U.K. and the Netherlands, as well as other manufacturing operations — didn’t give a detailed breakdown of where the job losses would be made.“Stagnant EU steel demand and global overcapacity have been compounded by trade conflicts, …read more
Source:: Yahoo Finance
