Thyssenkrupp's steel division chief told a German newspaper that deep cuts are necessary to improve profitability, signaling potential significant layoffs for the 27,000 steel workers. The deteriorating market situation and lack of recovery in sight are cited as reasons for the tough measures.
FRANKFURT - Thyssenkrupp 's 27,000 steel workers must brace for deep cuts, the new head of the conglomerate's steel division told a German newspaper, setting the stage for significant layoffs .
"The current market situation has deteriorated again in recent months, and unfortunately there is no recovery in sight."
Thyssenkrupp Steel Workers Layoffs Profitability Market Situation
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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