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Workforce remain sceptical about planned merger of ThyssenKrupp-Tata steel

There would be an initial 4,000 job cuts that workers fear will be the tip of the iceberg

Reuters  |  Germany 

Labour leaders remain sceptical about a planned merger of ThyssenKrupp's European steel operations with those of Tata Steel, following the first meeting of a working group set up to convince workers to back the deal. ThyssenKrupp and Tata Steel last month announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal. There would be an initial 4,000 job cuts that workers fear will be the tip of the iceberg. To appease workers, whose approval is crucial to ThyssenKrupp's Chief Executive Heinrich Hiesinger, a group of board ...

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First Published: Fri, October 13 2017. 20:38 IST
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