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Tata Steel Share Price Rises As Netherlands Unit Announces Steps To Enhance Competitiveness

  • Tata Steel Netherlands has announced a transformation programme to enhance its competitiveness.
  • The programme focuses on maximising production efficiencies, lowering fixed costs, and optimizing product mix and margins.
  • As a part of this reorganization, Tata Steel Netherlands will lose 1,600 management and support function roles.
  • Tata Steel's share price rose by 5.91% in response to the announcement.

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