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The European arm of Indian steel major Tata Steel said on Wednesday that it would will stop doing business with Russia.

Tata Steel Europe to stop doing business with Russia

Representatives from the Tata Steel Europe European Works Council (EWC), formed to address issues of transnational interest that significantly affect the Indian steel company's employees in Europe, said in a statement this week that they remained "unconvinced" and also found Thyssenkrupp's lack of engagement with them "deeply regrettable".

Tata Steel's joint venture with Thyssenkrupp hit by delay

Thyssenkrupp and Tata Steel last month announced plans for a joint venture that would create Europe`s second-largest steelmaker after ArcelorMittal. There would be an initial 4,000 job cuts that workers fear will be the tip of the iceberg.

Workers remain sceptical about Thyssen-Tata steel deal

Thyssenkrupp steelworkers protest against Tata merger plan

"I had hoped to be able to meet the key people from Tata while I was in India, sadly the schedules don`t allow for me to do that on this particular visit but there are regular contacts between the government and&nbsp;Tata Steel," May told reporters on the plane to India on Sunday, her first bilateral visit outside the EU since she took office in July.

UK PM May says no meeting planned with Tata bosses during India trip

Hans Fischer, MD &amp; CEO of Tata Steel in Europe, said, "Modest forecasted growth in European steel demand this year is still being undermined by increased imports which is leading to continued declines in domestic deliveries. That's why its vital we continue every effort to improve our competitiveness."

European steel mills to remain under pressure from imports: Tata Steel

T V Narendran, Managing Director of Tata Steel said, " Seasonal headwinds and a slowdown in a large steel consuming sector like real estate affected steel demand in the quarter. While regulatory changes have supported stem the flood of imports, domestic supply has increased and added to the competitive pressure.&nbsp;

Tata Steel's net loss widened to Rs 3183 crore; Europe business declines by 12%

‘All together the business employs 4,800 people – 4,400 in the UK and 400 in France, Tata Steel said.

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Two groups emerge to buy Tata Steel Europe

Most of the financial support is expected to be through the provision of debt financing.

UK unveils financial support plan for Tata Steel buyer

tata-steel-europe

The European arm of Indian steel major Tata Steel said on Wednesday that it would will stop doing business with Russia.

Representatives from the Tata Steel Europe European Works Council (EWC), formed to address issues of transnational interest that significantly affect the Indian steel company's employees in Europe, said in a statement this week that they remained "unconvinced" and also found Thyssenkrupp's lack of engagement with them "deeply regrettable".

Thyssenkrupp and Tata Steel last month announced plans for a joint venture that would create Europe`s second-largest steelmaker after ArcelorMittal. There would be an initial 4,000 job cuts that workers fear will be the tip of the iceberg.

"I had hoped to be able to meet the key people from Tata while I was in India, sadly the schedules don`t allow for me to do that on this particular visit but there are regular contacts between the government and Tata Steel," May told reporters on the plane to India on Sunday, her first bilateral visit outside the EU since she took office in July.

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Tata Steel Europe

Tata Steel Europe to stop doing business with Russia

Tata Steel's joint venture with Thyssenkrupp hit by delay

Workers remain sceptical about Thyssen-Tata steel deal

Thyssenkrupp steelworkers protest against Tata merger plan

UK PM May says no meeting planned with Tata bosses during India trip

European steel mills to remain under pressure from imports: Tata Steel

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