Major German Steel Manufacturer Slashing 11,000 Jobs
By Naveen Athrappully Germany’s largest flat steel manufacturer, ThyssenKrupp Steel, is set to lay off a large chunk of its workforce in an effort to cut costs. The company aims to cut “around 5,000 jobs by 2030 through adjustments in production and administration, while a further tranche of 6,000 jobs is to be transferred to external service providers or shed through the sale of…
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