Thyssenkrupp Secures Union Backing on Overhaul, Reuters Reports
An employee walks along the steel rolling production line at the Thyssenkrupp AG metals plant in Duisburg.
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Thyssenkrupp’s management and labor leaders reached an agreement on a reorganization announced on Friday that could result in 6,000 job cuts, Reuters reported Saturday, citing a senior workers’ leader and Thyssenkrupp personnel chief Oliver Burkhard.
Management and workers reached an agreement overnight that acknowledges the need for an overhaul while ensuring the fair treatment of employees, Reuters cited Markus Grolms, deputy head of the Thyssenkrupp works council, representing the IG Metall industrial trade union.