Latest in Thyssenkrupp Steel
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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 -
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 -
‘Incompetent’ FCA slammed by MPs
Report calls for overhaul of UK regulator after three-year probe heard from whistleblowers and former staffBusiness - Financial Times - 2 days ago -
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 -
At least 12 dead in Mexico steel plant explosion
An explosion at a Simec-owned steel plant in Mexico’s central Tlaxcala state in the early hours of Wednesday killed at least 12 people, state authorities said.Top stories - NBC News - October 30 -
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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 -
12 dead and 1 injured in explosion at steel plant in central Mexico
Twelve people have died in a fire at a steel plant in central MexicoWorld - ABC News - October 30 -
UK holds talks with China’s Jingye to avert closure of British Steel plants
Support package drawn from £2.5bn war chest being prepared to try and keep Scunthorpe site openBusiness - Financial Times - November 9 -
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Snowstorms, steel and a celebrity deer: Gregory Halpern goes home – in pictures
The acclaimed photographer spent two decades photographing his hometown of Buffalo, New York – capturing its ‘quiet resilience and strange beauty’. Continue reading...World - The Guardian - November 14 -
California House Race Between Steel and Tran Is Closest in the Nation
The closest House race in the nation is in Southern California, where Representative Michelle Steel is trailing her challenger, Derek Tran, by a tiny margin after nearly 310,000 votes have been ...Top stories - The New York Times - November 20 -
Steele blasts Trump's return to White House as opening 'Pandora's box of hell'
Former Republican National Committee (RNC) Chair Michael Steele compared President-elect Trump’s return to the White House to opening “Pandora’s box of hell” on Tuesday. “He can’t be an American ...Politics - The Hill - 12 hours ago -
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 -
Grupo Simec Steel-Plant Explosion Leaves at Least 12 Workers Dead in Mexico
An explosion and fire at a steel plant operated by Grupo Simec in central Mexico left at least 12 workers dead and another injured.World - The Wall Street Journal - October 30 -
Taxpayers set to lose out under Gupta’s UK steel unit restructuring plans
Claims by HMRC would be reduced 80% in restructuring of its Speciality Steel UK businessBusiness - Financial Times - November 15
