You are here: Home » Companies » News
Business Standard

Thyssenkrupp, workers strike deal to pave way for Tata Steel merger

The deal removes a major obstacle to the merger, planned for next year, which will create Europe's second-largest steel group after ArcelorMittal

Reuters  |  Duesseldorf | Frankfurt 

Workers on Thursday struck a deal with German industrial company Thyssenkrupp to secure steel plants and jobs, a big step towards a planned merger of the group's European steel business with that of India's Tata Steel. The deal removes a major obstacle to the merger, planned for next year, which will create Europe's second-largest steel group after ArcelorMittal and continue Thyssenkrupp's efforts to transform itself into a more technology-focused company. The workers' approval for the deal, first announced in September, is seen as key to getting the deal done ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 22 2017. 10:39 IST
RECOMMENDED FOR YOU