German labour union IG Metall demanded on Tuesday that industrial company Thyssenkrupp end talks to merge its European steel business with that of India's Tata Steel. Thyssenkrupp and Tata Steel have been in discussions since July about merging their European steel assets to cut costs and reduce overcapacity, a move that has sparked concerns about job cuts in Germany. "Management should put its merger plans on ice and discuss with us how the group can make progress," said IG Metall's Detlef Wetzel, who is a member of Thyssenkrupp Steel Europe's supervisory ...
German union demands end to talks between Thyssenkrupp and Tata
Thyssenkrupp and Tata Steel have been in discussions about merging their European steel assets