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Thyssenkrupp reaches out to unions after workers protest Tata Steel merger

Tata-Thyssenkrupp steel merger could cut up to 4,000 job cuts

Reuters  |  Frankfurt 

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 ...

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First Published: Sat, September 23 2017. 23:17 IST