London, Nov 27: Tata Steel Europe said it had begun consultations with the European Works Council (EWC) on Wednesday on restructuring plans for its business, which would include up to 3,000 job losses 1,000 of which will be in the UK.
The job cuts had been announced by the Indian steel major last week as part of a wider transformation programme as it blamed ongoing losses and continued global headwinds faced by the steel industry.
As part of the comprehensive set of proposals, Tata Steel Europe intends to lower employment costs, the company statement said.
This is expected to lead to an estimated reduction in employee numbers of up to 3,000, about two-thirds of which would be management and office-based roles. Up to 1,600 are expected in the Netherlands, 1,000 in the UK and 350 elsewhere in the world, it said.
Tata Steel said it aims to build a financially strong and sustainable European business, able to make the investments required to accelerate innovation and the company's journey towards carbon-neutral steelmaking.
Tata Steel in Europe CEO, Henrik Adam, said: I'm very proud to see the dedication of everyone in this business, determined to succeed even in the face of a very tough market. I also understand and appreciate colleagues' concerns about these proposals.
Change creates uncertainty, but we cannot afford to stand still as a company the world around us is changing fast and we have to adapt. Our strategy is to build a strong and stable European business, capable of making significant investments needed for a successful future.
During the meeting this week, which marked the official start of the employee consultation process with the EWC workers' unions, Tata Steel Europe said it had shared initial proposals about its transformation programme, focused across three other key areas besides lowering employment costs to improve the company's financial performance.
Increasing sales of higher-value steels by improving product mix and customer focus; efficiency gains by optimising production processes, supported by the application of big data and advanced analytics; and reduction of procurement costs through smarter sourcing and strengthening cooperation with companies within the Tata Steel group are among the other key focus areas of the company's plans.
Tata Steel said it agreed with the EWC on a forward process and will meet again in the coming weeks to discuss further details, with employees and other stakeholders kept updated during the process.
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Jaipur, Mar 28: Young Riyan Parag showed why he is considered a precocious talent as he struck a stunning 84 not out off 45 balls to set up a 12-run win for Rajasthan Royals against Delhi Capitals in their IPL match here on Thursday.
Sent in to bat, RR were reduced to 36 for 3 in the eighth over but the 22-year-old Parag single-handedly took the home side to 185 for 5 with a magnificent unbeaten knock studded with seven fours and six sixes.
Parag, who was promoted to number 4 by the team management this season and made 43 in the previous match, took 25 runs off veteran South African pacer Anrich Nortje with scores of 4, 4, 6, 4, 6, 1 in the final over to hit his highest T20 score.
Chasing 186 for a win, DC could only manage 173 for 5 in 20 overs though South African youngster Tristan Stubbs (44 not out off 23 balls) kept them in the hunt till the final over from which they needed 17 runs.
Avesh Khan conceded just four runs to help RR win their second consecutive match.
South African pacer Nandre Burger and Yuzvendra Chahal took two wickets apiece to also contribute in the RR win.
"Definitely disappointed. The best thing to do from here is to learn from it. The bowlers did well through the 15-16 overs. But the batters did well at the death, hopefully we do better in the next game," DC skipper Rishabh Pant said.
DC were reduced to 34 for 2 in the fourth over with Burger taking two wickets in three balls in a fine display of fast bowling.
Burger, who was brought in as Impact Sub for Shimron Hetmyer, dismissed opener Mitchell Marsh (23 off 12 balls) and Ricky Bhui (0) in the fourth over.
DC captain Rishabh Pant came out to bat at the fall of Bhui's wicket and along with senior batter David Warner built the innings without taking too much risk. Delhi were 89 for 2 at the halfway stage.
Warner was the more aggressive one as he got the boundaries to keep DC in the hunt. The senior Australian batter fell one run short of his fifty courtesy a brilliant diving catch by Sandeep Sharma off the bowling of Avesh in the 12th over.
Warner and Pant were involved in a crucial 67-run partnership for the third wicket.
Playing in his 100th IPL match and 14 months after a horrible car crash, Pant tried to build the innings with occasional boundaries. But he got out for a 26-ball 28 as Chahal induced a faint lower edge for Sanju Samson to do the rest behind the stumps in the 14th over.
The asking rate shot up to more than 13 runs an over and DC needed 66 from the last five overs.
Stubbs kept DC in the game with two consecutive sixes off Ravichandran Ashwin in the 17th over, but in the end the Delhi side were short by 12 runs.
They needed 34 runs from the final two overs which they could not get. It was DC's second consecutive loss.
Earlier, Parag shared 54 and 52 runs respectively with Ravichandran Ashwin (29) and Dhruv Jurel (20) after RR made a shaky start.
Royals captain Samson struck three consecutive boundaries in the fourth over bowled by pacer Mukesh Kumar before nicking a Khaleel Ahmed delivery two overs later to Pant to get out for 15.
RR were 30 for 2 by then as Mukesh had given DC their first breakthrough with the wicket of Yashasvi Jaiswal (5).
The Royals were in more trouble after wrist spinner Kuldeep Yadav literally forced his captain Pant to take a review, which later proved to be successful, to dismiss Englishman Jos Buttler for an LBW decision.
Ashwin came out to bat at number five and he lofted a Kuldeep delivery for a six to help RR reach 58 for 3 at halfway stage. He gave Nortje even a harsher treatment with two sixes in the next over that yielded 15 runs.
Ashwin, however, holed out to Tristan Stubbs near the boundary ropes for a 19-ball 29.
Parag then made his presence felt, striking two boundaries and a six off Ahmed to take RR past 100 in the 15th over.