Overview
- IG Metall reported a 77% yes vote on roughly 62% turnout after plant-wide balloting closed at midnight Thursday.
- The agreement reduces weekly hours to 32.5 from 34 without wage compensation, lowers Christmas pay, drops a €633 employment‑security payment, and cuts jubilee bonuses.
- Thyssenkrupp Steel Europe estimates personnel costs will fall about 8%, while IG Metall puts workers’ annual givebacks at roughly €120 million.
- The package is tied to a broader plan to trim capacity from 11.5 million tonnes to about 8.7–9 million and to eliminate or spin off around 11,000 jobs, with no operational dismissals planned.
- Signing awaits a parent‑company pledge to finance severance, site upkeep and other measures, with union and works council leaders pressing the board to act.