17
Jul
01:00
ThyssenKrupp reduces costs at Terni, 550 AST jobs at risk
German steelmaker ThyssenKrupp (TK) says that initiatives that it intends to implement to re-establish sustainable profitability at subsidiary company Acciai Speciali Terni (AST) in Italy will mean cost reductions in all areas and include around 550 job losses.
In a statement seen by Kallanish the parent company says that the cost reductions of more than €100 million per year will be implemented in operational, structural, sales and personnel area…
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Anonymous
Very good overview of the weekly steel market.
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