Tata Steel shares jump 6% as steel major to slash 1,600 jobs; all you need to know

The company on Wednesday submitted a request for advice to the Central Works Council to commence consultation on the transformation plan. It has also informed trade unions about the plan, Tata Steel said in a statement.

Tata Steel Nederland (TSN) will require a new and more effective organisational structure characterised by more accountability, standardisation, automation, and elimination of duplication.

“This reorganisation is expected to lead to a loss of 1,600 management and support function roles. Certain changes are also being made in the local management board of TSN,” Tata Steel said.

In FY25, the Netherlands operations recovered with liquid steel production volumes near capacity at 6.75 MTPA after the delayed reline of one of the blast furnaces had impacted production in FY2024, Tata Steel said.

However, the challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions, and escalating energy costs have affected the operating costs and financial performance, it said.

T. V. Narendran, CEO and Managing Director of Tata Steel and Chairman of the Supervisory Board of Tata Steel Nederland, said, "We will ensure that Tata Steel Nederland returns to its pre-eminent position as one of the most efficient steel-making sites in Europe, producing high-quality steel for our customers.

"We are working closely with the Dutch government and other stakeholders and are in constructive discussions about our joint investments in the Green Steel plan going forward."

Hans van den Berg, CEO of Tata Steel Nederland, stated, "With today's announcement, we are taking a necessary step towards a sustainable and future-proof steel company. As the Board of Directors of TSN, we are well aware that this intended restructuring of our organisation may have a significant impact on our people, and we are committed to working closely with all stakeholders to navigate this difficult path."

Tata Steel share price trend

Shares of Tata Steel have fallen over 22% in the past 12 months and nearly 7% so far in 2025.

In the past six months, the stock has slipped by nearly 21%.