Division to shed 11,000 roles amid oversupply in Europe and rise in cheap Asian imports

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News24 Business | Business brief | Delta sees signs of office stabilisation; Thyssenkrupp cuts jobs

Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action to prop up its fortunes.

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11,000 jobs on the line as another German company stumbles

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Dozens of companies have announced plans in recent months to reduce their workforces in Germany.

The Straits Times

Singapore Press Holdings

Singapore

Steelmaker ThyssenKrupp to slash 11,000 jobs in Germany

Germany's largest manufacturer plans to cut around 5,000 of its 27,000 jobs this decade. In addition, divisions are to be spun off and sold.

Deutschlands größter Hersteller will in diesem Jahrzehnt etwa 5000 von 27 000 Stellen abbauen. Zudem sollen Bereiche ausgegliedert und verkauft werden.

Thyssenkrupps Stahlsparte streicht jede fünfte Stelle: Was zudem noch geplant ist

Sueddeutsche Zeitung

Südwestdeutsche Medien Holding

Munich

Upper Bavaria

Bavaria

Germany

Thyssenkrupp's steel division cuts one in five jobs: What else is planned

Around 5000 jobs will be eliminated while 6,000 will be outsourced, announces a press release from the company.

Environ 5000 emplois vont être supprimés tandis que 6000 feront l’objet d’une externalisation, annonce un communiqué de l’entreprise.

Le groupe allemand Thyssenkrupp va supprimer ou externaliser 11.000 postes dans sa branche acier

Le Figaro

Dassault Group

Paris

Île-de-France

France

The German group Thyssenkrupp will cut or outsource 11,000 jobs in its steel branch

The industrial group said it wants to reduce wage costs by 10% on average in the coming years to “adapt them to a competitive level” and stated that it wants to reduce production capacity.

O grupo industrial disse que quer reduzir os custos salariais em 10% em média nos próximos anos para os "adaptar a um nível competitivo" e afirmou que quer reduzir a capacidade de produção.

Thyssenkrupp Steel Europe vai cortar 11 mil empregos até 2030

Observador

Sociedade anónima

Portugal

Thyssenkrupp Steel Europe to cut 11,000 jobs by 2030

The German steel industry is under great pressure. Thyssenkrupp Steel also wants to survive in the tough competition by making savings.

Die deutsche Stahlindustrie steht unter großem Druck. Auch Thyssenkrupp Steel will mit Einsparungen im harten Wettbewerb bestehen.

Thyssenkrupp will 11.000 Stellen abbauen – Was bekannt ist

Berliner Morgenpost

Funke Mediengruppe

Berlin

Thyssenkrupp wants to cut 11,000 jobs – What is known

Berlin, 25 November 2024 — The crisis of the giant Thyssenkrupp will affect workers. The German group intends to reorganize the steel division from 27 thousand current employees to 16 thousand. In particular - writes the Bild newspaper - 5,000 jobs will be eliminated altogether and 6,000 will be outsourced. All this by 2030. “Urgent measures are needed to improve the productivity and operational efficiency of Thyssenkrupp Steel and to achieve a …

Berlino, 25 novembre 2024 – La crisi del gigante Thyssenkrupp si ripercuoterà sui lavoratori. Il gruppo tedesco è intenzionato a riorganizzare la divisione acciaio passando dai 27mila impiegati attuali ai 16mila. In particolare – scrive il quotidiano Bild – 5mila posti saranno eliminati del tutto e 6mila esternalizzati. Tutto questo entro il 2030. “Sono necessarie misure urgenti per migliorare la produttività e l'efficienza operativa di Thyssenk…

Il gigante Thyssenkrupp taglia 11mila posti di lavoro (su 16mila)

Quotidiano Nazionale

Italy

The giant Thyssenkrupp cuts 11 thousand jobs (out of 16 thousand)

Around 5,000 jobs will be eliminated, while 6,000 will be assigned to external entities, the company said in a statement

Cerca de 5.000 empregos vão ser eliminados, enquanto 6.000 vão ser atribuídos a entidades externas, indicou a empresa em comunicado

Thyssenkrupp Steel Europe vai cortar 11.000 empregos até 2030

Jornal Expresso

Impresa

Germany's largest steelmaker ThyssenKrupp has announced a plan to cut its current workforce by more than a third by the end of the decade.

Deutsche Welle

Cabinet of Germany

Bonn

North Rhine-Westphalia

German steel giant ThyssenKrupp to slash 11,000 jobs

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Thyssenkrupp to slash 40% of steel jobs in latest blow to German industry

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