Germany's largest steel manufacturer Thyssenkrupp Steel wants to significantly reduce its production capacity in Duisburg. The company announced that this would also involve job cuts.
How many positions could be affected and when the renovation should begin is unclear. The core of the realignment should be a reduction in production capacity for a sales volume of 11.5 million tons per year. This corresponds to a decrease of up to 22 percent, compared to the entire German steel industry of 30.6 million tons in 2023.. Politicians and businesses reacted with concern to the announcement of a production cut. However, the plans were not completely unexpected. Discussions about a 50:50 partnership in the steel business have been ongoing for some time with the Czech energy company EPH. The group is faced with the great challenge of finding fair solutions for those affected with the social partners, the company says.. The planned realignment is a response to the weak economy on the one hand, and structural changes on the European steel market and in key markets.