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Tata Steel Europe workers question Thyssenkrupp JV rationale


LONDON/FRANKFURT (Reuters) - Tata Steel's European labour representatives said they remain unconvinced by a planned joint venture with Thyssenkrupp, adding there were still numerous details that needed to be hammered out before they could endorse a deal.The remarks by Tata Steel Europe's European Works Council (EWC) threaten to further delay a deal to combine Thyssenkrupp's steel operations with Tata's European steel business, a pact which has not been signed because of resistance from Dutch workers."The EWC acknowledges there is an industrial rationale for pursuing this JV, but with the ...

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First Published: Mon, June 11 2018. 16:23 IST