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Thyssenkrupp to slash 40% of steel jobs in latest blow to German industry
Division to shed 11,000 roles amid oversupply in Europe and rise in cheap Asian importsBusiness - Financial Times - Yesterday -
Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany
The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe to cut its work force.Business - The New York Times - Yesterday -
Thyssenkrupp Steel to Cut 11,000 Jobs
The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.Business - The Wall Street Journal - Yesterday -
‘Incompetent’ FCA slammed by MPs
Report calls for overhaul of UK regulator after three-year probe heard from whistleblowers and former staffBusiness - Financial Times - Yesterday -
Germany's Thyssenkrupp pops 10% after narrowing net loss and booking $1 billion impairment charge
Thyssenkrupp on Tuesday reported a 1-billion-euro ($1 billion) impairment on its struggling steel division.Business - CNBC - November 19 -
Thyssenkrupp Targets Profit Return After Posting Narrowed Net Loss
The industrial group forecasts net profit of between €100 million and €500 million for fiscal 2025 on sales growth of 3% at best.Business - The Wall Street Journal - November 19
