Tata Steel, the parent company of the steel plant in IJmuiden, and the German ThyssenKrupp are merging their European Steelworks. The two companies expect that the merge will result in the loss of 4 thousand jobs throughout Europe, they said in a joint statement, AD reports.
Half of the jobs will be lost in the production branch and the other half in the administrative branch. The job losses will be distributed evenly across the two companies. The consequences for jobs in the IJmuiden plant, were not specified.