01
Mar
15:27
Thyssenkrupp refutes job cuts reports
Media reports warning of massive reductions in production capacity and jobs at thyssenkrupp Steel are lacking any basis, the company has stated.
Last week, business daily Handelsblatt reported the steelmaker intends to close down one blast furnace as well as two rolling mills. The plan, referred to internally as “Project Stream”, would include laying off 5,000 of the unit’s 27,000 staff, the paper wrote, citing insiders at thyssenkrupp group. The…
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Anonymous
Very good overview of the weekly steel market.
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