The job cuts will affect 2,000 employees in production and 1,000 in administration. Operational layoffs should be avoided.
Essen (dpa) - Thyssenkrupp plans to restructure its steel business by cutting 3,000 jobs. Operational layoffs are to be avoided, the industrial and steel group said. The company had around 28,000 employees in the steel sector at the end of last year.
The group also agreed with IG Metall on a collective agreement that would run until the end of March 2026 and an immediate package for the corona crisis, which would include, among other things, increasing the short-time work allowance to 80 percent if this step was necessary. In addition, a collectively agreed special payment is to be converted into days off.
"We put off problems too long and shied away from tough decisions," said Thyssenkrupp board member Klaus Keysberg. The job cuts give the company scope to enable steel to remain competitive in the long term. The segment's result should improve significantly and sustainably.