Thyssenkrupp’s restructuring could risk over 20,000 jobs, says union

Published 30/05/2025, 13:16
© Reuters.

Investing.com -- Germany’s IG Metall union has raised concerns over the job security of more than 20,000 employees at Thyssenkrupp (ETR:TKAG). This follows the conglomerate’s announcement three days ago, of its plans to sell minority stakes in three of its divisions as part of a broader restructuring scheme.

Juergen Kerner, the deputy chairman of IG Metall and a member of the Thyssenkrupp supervisory board, stated to the Sueddeutsche Zeitung that "the plans could see more than 20,000 employees’ positions slashed." The potential job cuts are seen as a significant risk to the workforce as the company undergoes its restructuring process.

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