Tata Steel F Y09 net drops 60%
Tata Steel F Y09 net drops 60%
Last Updated : Jun 26 2009 | 12:00 AM IST
India's Tata Steel Ltd, on Thursday missed forecasts with a 60 percent drop in consolidated net profit for the fiscal year ended March and said 2,045 jobs in Europe units were at risk. It said its Anglo-Dutch Corus Unit was starting consultations on job cuts due to the continued deterioration in market conditions and falling demand.