Tata Steel has reached an agreement with trade union FNV Metaal over its Dutch assets, bringing an end to 25 days of industrial action, the company said on Friday July 3.
There will be no redundancies at Tata Steel at IJmuiden and the parent company will invest in site's upgrade, FNV said.
In addition, an employment pact for the company's Dutch workers has been extended by five years until October 1, 2026.
These were the key aspects of the agreement following negotiations between the company and the union, which ended late last night.
FNV is satisfied with the result of the negotiations, Fastmarkets understands.
"After 25...