Job Market Monitor
ThyssenKrupp
Green Subsidies in Germany / EU regulators launch in-depth probe
The European Commission said on Wednesday it would open a full investigation into Germany’s management of green subsidies, a decision that could lead to higher costs for industry and unsettle investors in renewable energy. Around 2,000 German heavy energy users, including chemical and steel firms such as BASF and ThyssenKrupp , have been exempt from … Continue reading
Outokumpu / To cut 1,000 More Jobs
Outokumpu Oyj (OUT1V), the Finnish steelmaker that bought ThyssenKrupp AG (TKA)’s Inoxum unit last year, said it will dismiss 1,000 more employees in Europe to compensate for overcapacity amid a supply imbalance Continue reading
ThyssenKrupp / 3,000 admin jobs to be cut
German heavy industry giant ThyssenKrupp said on Wednesday it plans to axe 3,000 administrative jobs worldwide as disastrous investments in steel operations overseas tore holes in its balance sheet in the second quarter. “Overall the number of employees in administrative functions in the group worldwide is to be reduced by around 3,000 from its current … Continue reading
ThyssenKrupp / 2,000 layoffs at its European steel division
German heavy industry giant ThyssenKrupp unveiled plans on Friday to axe more than seven percent of the workforce at its Steel Europe division to make the business more competitive. ThyssenKrupp said in a statement it would axe “more than 2,000 jobs” out a total workforce of 27,600 at its Steel Europe division in a €500-million … Continue reading
ThyssenKrupp Layoffs – Mobile County Shaken
ThyssenKrupp Steel USA announced plans Monday to lay off nearly 200 workers from its Calvert plant of more than 1,600 people. The German Steel Company said the reduction of their workforce by 197 jobs, of which 143 are hourly positions, is due to “the increasing costs of raw materials used by the plant and slower … Continue reading
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