Tata Steel has lastly agreed to the calls for of employees at its IJmuiden unit within the Netherlands, saying no worker will lose his job, in accordance with labour union FNV Metaal.
In a press release, the Dutch employees’ union stated it had reached an settlement with the administration of Tata Steel within the Netherlands. The firm too confirmed the event.
In addition, the employment pact, which comprises agreements on job retention, has been prolonged by 5 years till October 1, 2026, he stated within the assertion. “The pact also contains agreements about working less for older employees. The current generation pact has therefore been extended by two years until December 31, 2024.
“This pact includes the possibility of working 50% after the age of 60, while retaining 100% pension accrual and 77-90% of wages, depending on the amount of the current salary,” the union stated.
Roel Berghuis, director, FNV Metaal, stated, “This agreement counterbalances the risks we saw coming from Tata Steel Europe. It shows that striking pays off.”