Tata Steel’s Dutch management team, meanwhile, will discuss the transformation programme, and the resulting job losses with the local works council following a consultation process.

Tata Steel has announced it had reached an agreement with its Dutch unions to resolve the differences which resulted in the strike action in IJmuiden.

As part of the agreement, the employment pact for employees in the Netherlands will be extended by five years and there will be no compulsory redundancies from the company's transformation programme. These are the key aspects of the agreement following negotiations between the company and unions which finished late last night.

Tata Steel's Dutch management team, meanwhile, will discuss the transformation programme, and the resulting job losses with the local works council following a consultation process.

Hans van den Berg, Tata Steel's IJmuiden hub director, said: "We are pleased to report we have reached an agreement with all unions. That is good news for Tata Steel, for IJmuiden and all of us. We held discussions late into the night yesterday and thanks to everyone's constructive attitude reached an agreement."

Henrik Adam, CEO of Tata Steel in Europe, said: "This agreement should give our employees the confidence that Tata Steel is fully committed to building a sustainable future for IJmuiden. We share an ambition with our employee representatives to restore IJmuiden's position as the most competitive steel plant in Europe."
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