financetom
Business
financetom
/
Business
/
Meeting with Tata Steel mgmt inconclusive; strike at Dutch plant to continue: Labour union
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meeting with Tata Steel mgmt inconclusive; strike at Dutch plant to continue: Labour union
Jul 1, 2020 5:41 AM

Workers of Tata Steel's at the IJmuiden plant in the Netherlands will continue to strike on Thursday as the meeting with the management remained inconclusive and has "disappointed" them, according to the labour union Federatie Nederlandse Vakbeweging (FNV).

The Dutch operations of the India-headquartered Tata Steel have been facing continuous protests and demonstrations for about three week. In a statement, the Netherlands-based workers' union said the strike would continue after a disappointing meeting with management Tata Steel Netherlands.

When contacted, Tata Steel did not provide any comment. Roel Berghuis, Director of FNV Metaal: "It was a disappointing and difficult conversation. The European management says it will take even longer to respond to our demands. We will continue talking on Thursday, but the strike actions will continue."

At the end of May, FNV had submitted a set of requirements to the management.

Among other things, the union wants to make agreements about job security, a robust strategic plan, ending the integration with Tata Steel UK, and about the non-transfer of profits to Tata Steel UK, the union said.

"The fact that we did not receive a response... to these requirements is very disturbing and does not provide any basis for reaching a negotiation agreement. The action committee discusses when and which team or department will go on strike," said Berghuis.

First Published:Jul 1, 2020 2:41 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
Jul 5, 2024
NEW YORK, July 5 (Reuters) - Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying all indications show his delay was a mistake. In a late Wednesday night filing in Manhattan federal court, Musk called it implausible...
What's Going On With Johnson and Johnson Shares Friday?
What's Going On With Johnson and Johnson Shares Friday?
Jul 5, 2024
Johnson and Johnson ( JNJ ) shares are trending on Friday. In the last week, the pharmaceutical company announced positive results from two clinical trials and authorization from Health Canada for RYBREVANT in combination with platinum-based chemotherapy. The Details: The first of the two clinical trials is a Phase 3 study regarding the use of nipocalimab for patients with generalized myasthenia...
What's Going On With Koss Stock?
What's Going On With Koss Stock?
Jul 5, 2024
Koss Corporation ( KOSS ) shares are trading higher Friday on continued interest from retail investors. Here's a look at what's going on.  What To Know: Koss ( KOSS ) shares rocketed more than 250% Wednesday as retail investors circulated a social media post speculating on a possible connection between GameStop Corporation ( GME ) , Chewy, Inc. ( CHWY...
Bionano Genomics to Sell Shares in Direct Offering
Bionano Genomics to Sell Shares in Direct Offering
Jul 5, 2024
10:32 AM EDT, 07/05/2024 (MT Newswires) -- Bionano Genomics ( BNGO ) said Friday it has signed deals to sell about 17.5 million shares at $0.571 apiece to healthcare-focused institutional investors to raise roughly $10 million. The company said it will also issue clinical milestone-linked warrants to the investors, comprising series A warrants to buy up to some 17.5 million...
Copyright 2023-2026 - www.financetom.com All Rights Reserved