According to the firm, all of Tata Steel’s manufacturing plants in India, the United Kingdom, and the Netherlands have acquired alternate raw materials to reduce their reliance on Russia.
“They (the EU) will cease their commercial links, and our enterprises in the UK and the Netherlands are part of that decision,” said a senior Tata Steel official who declined to be identified. According to the CEO, coal supply from Russia is “minuscule.”
TCS, part of the Tata group, said that while it does not have any operations in Russia, it is assisting customers in maintaining their business continuity plans and sees a potential to increase employment in Eastern Europe, where it employs approximately 5,000 people.
“A large number of individuals have emigrated from Ukraine to countries such as Poland and Hungary.” “They’re begging for employment, which provides us an opportunity to grow local recruiting there,” TCS CEO Rajesh Gopinathan previously stated.
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