Tata Steel Europe proposes major restructuring

摘要

Europe - Tata Steel Europe plans to eliminate up to 3,000 jobs and boost sales of higher-value steels as part of a broad restructuring brought about by a soggy European market. In an announcement, executives said the plan for the flat-rolled business involves four main efforts: improving efficiency by optimizing production processes through advanced data analytics, reducing procurement costs, and boosting sales of higher-values steels by improving the product mix.