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Tata Steel Europe workers question rationale of Thyssenkrupp tie-up


By Maytaal Angel, Christoph Steitz and Tom KäckenhoffLONDON/FRANKFURT/DUESSELDORF (Reuters) - Tata Steel's European works council said it is unconvinced by a planned joint venture with Thyssenkrupp, raising the chances that the deal will be delayed or even fail in its current form.The remarks deal a fresh blow to Thyssenkrupp boss Heinrich Hiesinger, at the helm of the German steel-to-submarine group for more than seven years, whose plan to sharpen the company's focus on technology largely depends on the steel transaction.They are also in line with growing criticism from investors, including ...

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First Published: Mon, June 11 2018. 21:22 IST