Thyssenkrupp to lose 3,000 jobs in restructuring over next six years

German steelmaker Thyssenkrupp has announced that it will go ahead with a restructuring plan that will eliminate 3,000 jobs after reaching an agreement with the workers’ trade union, it said on Wednesday March 25.

The announcement included a “coronavirus package” with reduced hours for staff, agreed with workers’ representative IG Metall.

Because of a sharp decline in demand, the company will make production adjustments...


Carrie Bone

March 25, 2020

20:30 GMT