Thyssenkrupp makes offer to workers
Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata SteelBSE 1.30 % to merge their European steel operations, several people close to labour union IG Metall said. Details of the offer are to be discussed at a meeting of management and l
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Dec 12, 2017 4:34 AM
Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata SteelBSE 1.30 % to merge their European steel operations, several people close to labour union IG Metall said. Details of the offer are to be discussed at a meeting of management and labour representatives on Tuesday, the sources told Reuters on Sunday. German industrial group Thyssenkrupp and India's Tata Steel agreed in September to merge their European steel operations, creating the continent's second largest steelmaker with revenues of 15 billion euros ($17.7 billion). But workers at Thyssenkrupp fiercely oppose the deal, concerned more steel jobs will be lost on top of the 2,000 already announced. IG Metall has demanded 10-year guarantees for jobs, plants and investments and has set a Dec. 22 deadline for an agreement.
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