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Germany urges Thyssenkrupp to reach deal with unions over Tata Steel

Over plans to merge the group's European steel operations with those of Indian peer Tata Steel

Reuters  |  Berlin 

Germany's Economy Minister urged management at Thyssenkrupp to seek an agreement with its workers over plans to merge the group's European steel operations with those of Indian peer Tata Steel. A joint venture with Tata Steel is the preferred option of Thyssenkrupp Chief Executive Heinrich Hiesinger to restructure the group's steel business, despite ongoing resistance from labour representatives, who fear thousands of job cuts. "Such an important and strategic corporate decision should be made following intensive consultation and in consensus with labour ...

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First Published: Thu, September 14 2017. 22:27 IST
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