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Thyssenkrupp, Tata Steel delay signing of steel joint venture

Reuters  |  FRANKFURT/DUESSELDORF 

By Christoph Steitz and Tom KäckenhoffFRANKFURT/DUESSELDORF (Reuters) - A steel joint venture between Thyssenkrupp and Tata Steel will be delayed by ongoing talks between the Indian group and its British and Dutch workers, the German company said on Thursday.Unlike Thyssenkrupp, Tata Steel has yet to reach labour agreements at its Port Talbot plant in Britain and IJmuiden in the Netherlands, a key condition for a deal aimed at cutting overcapacity in the sector.The groups agreed in principle in September to combine their European steel activities to create the continent's second-largest ...

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First Published: Thu, April 12 2018. 21:02 IST
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