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Thyssenkrupp labour chief demands better deal than Port Talbot

Thyssenkrupp and Tata have been in talks for about a year to merge their European steel operations

Reuters  |  Frankfurt 

Workers at German steelmaker Thyssenkrupp will refuse to pick up the tab for concessions being offered to British unions by Tata Steel to further a merger, Thyssenkrupp's labour chief told Reuters on Monday. Thyssenkrupp and Tata have been in talks for about a year to merge their European steel operations to cut costs and overcapacity, but negotiations have been complicated by Tata's huge pension deficit in the UK. The German company's labour chief Wilhelm Segerath said he sees no reason why Thyssenkrupp's plants should suffer because of job and investment ...

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First Published: Mon, January 09 2017. 19:00 IST
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