Thyssenkrupp plans to cut jobs and reduce steel production capacity at Duisburg plant due to market challenges.
Thyssenkrupp, Germany's largest steelmaker, plans to cut jobs and production capacity at its Duisburg plant due to challenging market conditions. Steel production capacity will be reduced by up to 22% to 9 million tons, with the impact on job numbers yet to be quantified. The company aims to increase competitiveness and profitability through these measures, while maintaining its goal of avoiding economic-related job losses.
April 11, 2024
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