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Thyssenkrupp: steel revamp to happen without forced layoffs

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Thyssenkrupp: steel revamp to happen without forced layoffs

Jun 24, 2024 6:31 AM

FRANKFURT, June 24 (Reuters) - The restructuring of

Thyssenkrupp's struggling steel unit will take place

without forced layoffs, the company said on Monday.

The business, in which Czech billionair Daniel Kretinsky

wants to take a 20% stake, is faced with job and capacity cuts,

which has stoked fears among workers that compulsory

redundancies are on the cards.

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