ThyssenKrupp plans to cut 2,000 EU steel jobs in new strategy after likely Tata Steel jv failure [UPDATED]

German industrial conglomerate ThyssenKrupp is planning to cut 6,000 jobs over the next three years, including 2,000 jobs in its steel business, chief executive officer Guido Kerkhoff said in a conference call on Friday May 10.

ThyssenKrupp remains open to consolidation opportunities for its European steel business, which will be reintegrated into the parent company, following news of the European Commission’s (EC) expected non-approval of the proposed European flat steel joint venture with Indian steelmaker Tata Steel. The company also plans to hold an...

Published

Viral Shah

May 13, 2019

12:44 GMT

London