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Steel workers vote in favour of Thyssenkrupp-Tata Steel labour deal, merger

About 20,500 members of German union IG Metall had been asked to vote on the agreement

Reuters  |  Duesseldorf 

Steel workers at Thyssenkrupp have voted in favour of a labour agreement that will safeguard jobs and plants in a planned joint venture with Tata Steel, a person familiar with the matter told Reuters on Monday. About 20,500 members of German union IG Metall had been asked to vote on the agreement, which was struck just before Christmas and foresees no forced layoffs or major site closures until September 30, 2026. Thyssenkrupp and Tata Steel in September unveiled plans to merge their European steel operations and forge Europe's second-largest steel group after ArcelorMittal, ...

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First Published: Mon, February 05 2018. 19:32 IST
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