Tata Steel braces for workforce shifts as iron ore leases expire. India's second-largest steelmaker is preparing for significant changes to its blue-collar workforce as six iron ore mining leases in Jharkhand and Odisha expire by 2030. The company has already reduced permanent worker hiring over the past two years and is communicating with unions about potential transitions. At the end of FY25, Tata Steel's permanent blue-collar workforce stood at 31,794, down 585 workers from the prior year. Depending on auction outcomes for the mining blocks, the company faces three scenarios: retaining all leases with no workforce impact, losing leases with workers transitioning to new operators, or a mixed outcome. Post-2030, Tata Steel aims to source at least 50 percent of its iron ore from captive mines, with the remainder dependent on auction results and economic viability.
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