Tata Steel Europe to cut 1,250 jobs in turnaround push
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(Reuters) - Tata Steel Europe is planning to cut 1,250 jobs as it faces "challenging circumstances" and "needs to urgently improve profitability", Chief Executive Officer Henrik Adam said in an internal memo seen by Reuters on Tuesday."Our financial situation is serious and there's an urgent priority to improve the performance of the business and our cash position," Adams said in the memo.Besides the job cuts, which would be less than half of what the company had announced last year, Tata Steel..