Tata Steel plans to cut 3,000 jobs at its European factories, according to Reuters with reference to the official message of the company on Monday.
In a report Indranil Sarkar and Movie M from Bangalore saying that the Indian group referred to the excess supply of steel in the world market and the falling demand on the continent.
"Stagnant steel demand in the EU and global overcapacity aggravated trade conflicts, which make the European market to the place of burial of excess capacity in the world", - quotes Reuters message Tata Steel.
the Statement, which was published after the Indian and European markets, confirmed earlier numerous soobshenia media.
Earlier today, the head of Tata Steel Europe, Henrik Adam, prokomentiroval news about plans for mass layoffs, saying that the goal is not just to save on manpower, how to increase the profitability of the business.
