The largest steel company in Germany ThyssenKrupp Steel Europe wants to reduce 11,000 jobs and strives for a social plan. “There is a most important focus on bringing people into a new job,” says Dirk Schulte’s new head of Human Resources.
The plans had already been announced last November. According to this, the number of jobs should reduce within six years from almost 27,000 to 16,000. 5000 jobs must be dismantled by “adjustments to production and administration” by the end of 2030, 6,000 more by outsourcing external service providers or business sales.
The steel company has now announced that a social plan should have rules for instruments such as partial pension, handling and transfer companies. “In short” would start with collective negotiations with IG Metall, said Schulte.
IG Metall had announced against the “bitter resistance” jobs. At the end of last year, the trade union demanded as a condition for negotiations that operational termination and location closures must be excluded and that the long -term financing of the company would need.
The Thyssenkrupp Steel Europe based in Duisburg has works in Bochum, Dortmund, France, Italy, Belgium and India. It produces steel and flat products made of steel. In recent years, the costs for new works in Brazil and in the US state of Alabama have exploded, which is attributed to inefficient planning and an unsuitable choice of location. The demand for steel also decreased.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
