Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with Tata Steel, it said in a statement on Saturday, issued after a supervisory board meeting. The meeting was held after Thyssenkrupp top management's move this week to sign a memorandum of understanding with Tata Steel for a 50-50 joint venture. If approved, it would create Europe's second-biggest steelmaker after ArcelorMittal, with combined sales of about 15 billion euros. The working group will consist of members of the executive ...
Thyssenkrupp reaches out to unions after workers protest Tata Steel merger
Tata-Thyssenkrupp steel merger could cut up to 4,000 job cuts