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Tata Steel Europe workers question Thyssenkrupp JV rationale

Reuters  |  LONDON/FRANKFURT 

LONDON/(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 Europe's (EWC) threaten to further delay a deal to combine Thyssenkrupp's operations with Tata's European 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 matters outstanding the EWC remains unconvinced that this partnership with would be in the best interests of the TSE operations and the employees we represent," it said in a statement.

(Reporting by and Christoph Steitz; Edward Taylor)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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