Frank-Jürgen Weise Joins Thyssenkrupp Steel Supervisory Board

The former head of Germany's Federal Employment Agency takes on a key role as the steel giant faces major restructuring and job cuts.

Frank-Jürgen Weise, former head of the Federal Employment Agency, has been appointed as a neutral member of Thyssenkrupp Steel's supervisory board.
Weise's role is expected to help mediate between differing positions during the company's ongoing restructuring efforts.
Thyssenkrupp Steel plans to cut approximately 11,000 jobs by 2030, reducing its workforce from 27,000 to around 16,000 employees.
The restructuring includes eliminating 5,000 positions and transferring or selling an additional 6,000 roles, while attempting to avoid forced redundancies.
Weise's appointment comes as the company addresses financial challenges and seeks to regain competitiveness in the steel industry.