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ThyssenKrupp kicks starts with union over job cuts on Tata Steel merger

Thyssen, Tata Steel announced plans for joint venture that'd create Europe's second-largest steelmaker but result in 4,000 job cuts

Reuters  |  Germany 

Managers and labour leaders at Germany's ThyssenKrupp have struck a conciliatory tone as they seek to resolve a dispute over job cuts resulting from a planned merger of its steel operations with those of India's Tata Steel. The de-escalation came after 8,000 steelworkers protested on Wednesday, the day the Essen-based company announced improved annual results and a record order book, demanding guarantees to preserve jobs and production sites for 10 years. "The negotiations started in a matter-of-fact atmosphere," a company spokesman said late on Friday after a ...

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First Published: Mon, November 27 2017. 01:02 IST