Tata Steel to lay off 800 employees at Dutch plant
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New Delhi (Uttam Hindu News): Tata Steel on Monday said it will lay off about 800 employees at its plant in the Netherlands to cut costs. The company is adopting green technology to reduce pollution.
The Ijmuden factory, located on the sea coast about 30 km from Amsterdam, currently has around 9,200 employees.
“Despite all efforts by Tata Steel to improve its market position and reduce costs, much more needs to be done,” the company said in a statement.
The statement also highlights the fact that significant investments are being made to transition to a cleaner company.
The Tata Steel factory is being blamed for about seven percent of the Netherlands’ total carbon dioxide emissions, making it the country’s biggest polluter.
Tata Steel said it plans to replace production based on coal and iron ore with metal scrap and ovens running on hydrogen by 2030.
The company is working with the Dutch government on plans to adopt more eco-friendly ways of making steel, but there is no agreement yet on the financial support it is seeking.
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