Tata Steel Into the Fortune 500 List

Tata Steel is a $5 billion (turnover) and 5.3 million tonne (steel production) company that has swallowed the $19.4 billion and 18.2 million tonne Corus in a friendly takeover. The deal is pegged at $8.2 billion and will catapult Tata Steel into the Fortune 500 list, and to the position of being the fifth largest steel company in the world from a lowly position that it occupies concomitantly – 56. According to CEO B. Muthuraman, Tata Steel’s image as a good employer has played a big role in the takeover of Corus Steel. He says that the workers unions in Corus Steel are aware of how the company has been treating its employees in Jamshedpur and hence their resistance has been considerably softened. But can this legacy of paternalistic style of management established by Jamshed Tata about 100 years ago be just wished away?

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)