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Thyssenkrupp labour leaders see progress in Tata Steel JV talks


DUESSELDORF/FRANKFURT/LONDON (Reuters) - Labour representatives at Thyssenkrupp have moved closer to an agreement with management over a planned European steel joint venture with Tata Steel, a member of the group's supervisory board said on Thursday."We have made progress in talks with management over the steel joint venture with Tata," Markus Grolms, Thyssenkrupp's supervisory board vice chairman and trade union secretary at the IG Metall union, told Reuters.Sources told Reuters a day earlier that both groups were struggling to finalise the joint venture, citing a valuation gap of between ...

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First Published: Thu, June 14 2018. 18:48 IST