Tata Steel postpones reorganization until after July

The management of Tata Steel postpones the planned reorganization of the company until after July 1.

Steel factory (pic: wikimedia commons)

Steel giant Tata Steel announced last year that the company has plans for a reorganization.
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The company initially wanted to cut three thousand jobs in Europe. That number was scaled back last month.

The company cites the corona crisis as the reason for the delay. Major customers of Tata Steel have closed factories or are ordering less steel.