Tata Steel will downsize across its plants situated in Belgium, England, France and Netherlands. : Tata Steel Europe, which is a subsidiary of Tata Steel India, is going to slash 2,500 jobs (25% of its manpower), in Europe to salvage $930 million in costs. Citing a message in a note to its employees, the company stated that Tata Steel Nederland (the Netherlands in English) would have to provide "a large part of this amount or 170 million euros in cost savings".