News type
Date end
News memo
After a plan to merge its steel business with that of Indian group Tata Steel collapsed, German industrial conglomerate ThyssenKrupp announced on 10 May that some 6,000 jobs would be cut by 2022, of which 4,000 would come from its sites in Germany. As part of a principle agreement with metal sector trade union IG Metall, reached overnight between 10 and 11 May, the company, which employs some 160,000 people across the globe, committed to avoiding dismissals on economic grounds as far as possible. A spokesperson for IG Metall in North Rhine-Westphalia tells Planet Labor that the union would like to obtain the same guarantees as those given ahead of the planned merger with Tata.
Source Info
News Ref
11125
News date