AMSTERDAM, Nov 18 (Reuters) - Tata Steel is planning to scrap around 3,000 jobs in Europe, a source with knowledge of the plans told Reuters on Monday.
The source said over half of the redundancies are planned at the company’s Dutch operations. Detailed plans have yet to be drawn up, he said. (Reporting by Bart Meijer; Editing by Susan Fenton)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.