International Companies
Thyssenkrupp Steel to axe 11,000 jobs, slash capacity
By Abigail Townsend
Date: Monday 01 Dec 2025
(Sharecast News) - Thyssenkrupp's struggling steel business is to slash its workforce and cut production, the German industrial giant confirmed on Monday.
The conglomerate said it had reached a "milestone" agreement with the IG Metall union, under which it would cut or outsource about 11,000 jobs, around 40% of the workforce.
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