Thyssenkrupp Steel Pushes for Urgent Talks on Major Job Cuts

The company plans to cut or transfer 11,000 jobs and close one site by 2030, citing severe financial challenges.

Thyssenkrupp Steel has proposed cutting 5,000 jobs and transferring or selling an additional 6,000 roles by 2030, reducing its workforce from 27,000 to 16,000.
The restructuring plan includes the closure of one site and aims to avoid forced redundancies where possible.
CEO Dennis Grimm emphasized the urgency of these measures, describing the company’s financial situation as critical with no improvement in sight.
The IG Metall union has criticized the plan as provocative and refuses to negotiate until job guarantees and long-term funding are secured.
Grimm described the proposals as initial steps in a long-term industrial strategy and called for immediate dialogue with employee representatives to ensure the company’s survival.