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German union fears 20,000 job cuts at Thyssenkrupp, newspaper reports
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German union fears 20,000 job cuts at Thyssenkrupp, newspaper reports
May 30, 2025 5:22 AM

BERLIN, May 30 (Reuters) - Germany's IG Metall union

sees more than 20,000 jobs at risk at Thyssenkrupp,

Sueddeutsche Zeitung reported on Friday, three days after the

conglomerate announced plans to sell minority stakes in three

divisions as part of a wider overhaul.

"The plans could see more than 20,000 employees' positions

slashed," said Juergen Kerner, deputy chairman of IG Metall and

Thyssenkrupp supervisory board member, told the newspaper.

(Writing by Friederike Heine; editing by Matthias Williams)

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