172@29@17@105!~!172@29@0@53!~!|news|business|tata-steels-dutch-plant-3-week-strike-ends-after-agreement-on-jobs-5506121.html?utm_source=MC_OpeninApp!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
you are here: HomeNewsBusiness
Last Updated : Jul 03, 2020 07:37 PM IST | Source: Reuters

Tata Steel's Dutch plant 3-week strike ends after agreement on jobs

The company did not say whether there would be a voluntary redundancy programme but said it would now extend its current jobs pact for IJmuiden, which stipulates no forced layoffs, by five years until October 2026.

Reuters
Representative Image
Representative Image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Workers at Tata Steel's main plant in the Netherlands ended a three-week strike on Friday after the company said there would be no compulsory layoffs under a planned reorganisation of its Dutch operations.

"We are pleased to announce we have reached an agreement with all unions involved," Tata Steel's Dutch division said in a statement.

"The transformation programme will not lead to forced redundancies at Tata Steel Netherlands."

Close

The company did not say whether there would be a voluntary redundancy programme but said it would now extend its current jobs pact for IJmuiden, which stipulates no forced layoffs, by five years until October 2026.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

Workers at the IJmuiden plant went on strike on June 10 after unions said the company had outlined plans to scrap around 1,000 of the 9,000 jobs at the site as part of a reorganisation of its European operations.

Tata Steel Europe last year announced a major overhaul of its British and Dutch activities, at the cost of around 3,000 jobs in total.

Tata Steel Europe has said IJmuiden needs to become more profitable as the steel sector grappled with the effects of overcapacity, cheap Chinese imports and US trade tariffs, even before the global coronavirus recession hit.

"This agreement offers a counterweight against the risks we see coming from Tata Steel Europe," Roel Berghuis, spokesman for the FNV union, said on Friday, adding that workers would now return to work on Friday.

Under the agreement reached with unions, Tata also promised to invest in innovation and cleaner production technologies and not to quickly divest any part of its Dutch activities or to outsource work done in the Netherlands.

Tata is expected to present detailed plans for the future of IJmuiden by the end of September.

 
First Published on Jul 3, 2020 07:35 pm
Sections