5,000 fewer jobs at steel subsidiary? Thyssenkrupp defends itself against reports. CEO Miguel Lopez has been negotiating for months with Czech billionaire Daniel Kretinsky's EPH holding company about a steel joint venture.
The plans currently include a reduction in production capacity to around eight to nine million tons. Internally the program runs under the name “Stream’s” name, but the company said there was no project with these names. The group has been looking for a solution for the economically vulnerable steel business for years.