Thyssenkrupp rebuffs union claims regarding steel stake sale [Reuters]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Reuters
about its plans to sell a stake in its steel unit to Czech energy firm EPCG, adding to growing tension between the two sides. The comments underline the fragile relationship between management and unions in Thyssenkrupp's long-running effort to divest its steel business, a part of the group where workers have been particularly influential. Unions on Friday said they had only been informed of the a few hours before it was announced. Thyssenkrupp, meanwhile, said it had been clear for months that the group was in talks with EPCG, which is controlled by Czech billionaire Daniel Kretinsky. Thyssenkrupp plans to sell 20% of Thyssenkrupp Steel Europe to EPCG. Responding to claims that worker representatives and unions had been "passed over" in the talks, Thyssenkrupp said that at no point had this had been the case and that there were no plans to do so in the future. Report this ad Labour representatives command great clout at the German conglomerate and fill half the seats on i
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