Thyssenkrupp workers want pledges on investment, jobs ahead of steel business revamp [Reuters]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Reuters
DUESSELDORF/FRANKFURT, March 1 (Reuters) - Thyssenkrupp (TKAG.DE) , opens new tab workers on Friday drew up a list of conditions for a potential sale of the group's steel business, including a commitment on investments and job protection. Talks over the future of Thyssenkrupp Steel Europe, Germany's largest steelmaker, have heated up with the division's management currently working on a revamp plan to tackle overcapacity, high costs and cheap Asian competition. There are fears that the business's 27,000 jobs as well as the 11.5 million tonnes of annual production capacity will be ripe for cuts when the plans are discussed in the relevant committees in mid-April. IG Metall, Germany's biggest union that wields significant control over strategic matters at Thyssenkrupp, said whatever is decided for the steel business there must be a clear future plan, including investment commitments. "Things look bad for Thyssenkrupp Steel Europe, and the IG Metall trade union and works council
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