Overview
- The plan will cut the workforce from about 27,000 to 16,000 over six years, confirming 11,000 roles targeted for reduction.
- The social plan is expected to cover early retirement schemes, severance agreements and transfer companies aimed at redeploying affected staff.
- IG Metall has warned of fierce resistance and set preconditions including a ban on compulsory redundancies, no plant closures and secured long-term financing.
- Thyssenkrupp Steel Europe aims to eliminate 5,000 jobs through production and administrative adjustments by 2030 and outsource or divest another 6,000 positions.
- These job cuts form part of a broader overhaul that includes spinning off key divisions and shifting toward green steel production to address high energy costs and competition from low-cost imports.