Tag #Thyssenkrupp

Showing 1 to 12 of 23 results

welt.de
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Jindal Steel to conduct due diligence on Thyssenkrupp Steel

Indian steelmaker Jindal Steel plans a due diligence review of Thyssenkrupp Steel following an offer to purchase the German company's steel division, with Jindal family representatives intending to visit Germany soon for discussions.

Progress

16% Bias Score

Industry, Innovation, and Infrastructure
welt.de
🌐 85% Global Worthiness
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Jindal Steel Makes Indicative Offer for Thyssenkrupp Steel

Indian steelmaker Jindal Steel International submitted an indicative offer to acquire Thyssenkrupp Steel Europe, the largest steel producer in Germany, which is currently facing economic challenges and plans to reduce capacity and workforce.

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36% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
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Thyssenkrupp Steel Agrees to Restructuring Plan with Significant Employee Concessions

Germany's largest steelmaker, Thyssenkrupp Steel Europe, and the IG Metall union agreed to a restructuring plan involving an eight percent average pay cut for 26,300 employees, 5,300 job cuts by 2028, plant closures, and reduced production capacity to address economic difficulties, high energy costs...

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44% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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Thyssenkrupp Faces Union Backlash Over Proposed Steel Division Cuts

Thyssenkrupp's management proposed eliminating holiday and Christmas bonuses, implementing a pay freeze, and reducing weekly working hours from 34 to 33 without compensation, prompting strong criticism from IG Metall amid a planned reduction of 11,000 jobs.

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48% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 75% Global Worthiness
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NRW Rejects Thyssenkrupp State Intervention Amid Job Cut Controversy

North Rhine-Westphalia's Minister of Labor rejects state participation in Thyssenkrupp amid criticism over a 700 million euro subsidy and the announced elimination of 11,000 jobs; opposition parties demand accountability and job guarantees.

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36% Bias Score

Decent Work and Economic Growth
dw.com
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ThyssenKrupp Announces 11,000 Job Cuts Amidst Steel Industry Crisis

ThyssenKrupp, Germany's largest steel producer, announced the elimination of 11,000 jobs—5,000 redundancies and 6,000 relocations—due to decreased demand, cheaper Asian imports, and the transition to green steel production, impacting the Ruhr region significantly.

Progress

48% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 85% Global Worthiness
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Tyler R. Charged with Murder; Trump in UK Amidst Protests; Bundestag Debate; Gaza Crisis; Dortmund Draws; Bayern Faces Chelsea

Tyler R., 22, has been charged with murder and faces the death penalty in Utah; Trump's UK visit sparks protests; Germany's Bundestag holds a general debate; aid organizations criticize the Gaza situation; Borussia Dortmund draws 4-4 with Juventus; and Bayern Munich will play Chelsea in the Champion...

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12% Bias Score

Peace, Justice, and Strong Institutions
sueddeutsche.de
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TKMS to Spin Off from Thyssenkrupp, Go Public

Thyssenkrupp shareholders approved the spin-off of its marine systems division, TKMS, a leading builder of non-nuclear submarines, which will become an independent, publicly traded company with Thyssenkrupp retaining a 51% stake. The move is part of Thyssenkrupp's broader restructuring plan.

Progress

48% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 85% Global Worthiness
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Thyssenkrupp Steel Agrees to Restructuring Plan with Significant Employee Pay Cuts and Job Losses

Germany's largest steel producer, Thyssenkrupp Steel Europe, is undergoing a major restructuring involving an 8% pay cut for 26,300 employees, the elimination of holiday bonuses and other payments, 5300 job cuts, and a reduction in production capacity to address economic challenges and competition.

Progress

48% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 75% Global Worthiness
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TKMS to IPO, German Investment Considered

Thyssenkrupp's marine division, TKMS, will be renamed before its planned IPO, with the German government considering an investment; the company is the world's leading builder of non-nuclear submarines and has an order book of €18 billion.

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40% Bias Score

Decent Work and Economic Growth
hu.euronews.com
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ThyssenKrupp to Cut 11,000 Jobs Amidst European Steel Crisis

ThyssenKrupp plans to cut 11,000 jobs amid a European steel crisis driven by US tariffs, high energy costs, global overcapacity, and cheap Chinese steel; the EU is responding with a 100 billion euro investment plan and the CBAM.

Progress

48% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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Thyssenkrupp to Terminate HKM Supply Contract, Potentially Leading to Plant Closure

Thyssenkrupp Steel Europe (TKSE) plans to terminate its supply contract with Hüttenwerke Krupp Mannesmann (HKM) by year-end 2032, impacting 2.5 million tons of steel, as part of a restructuring involving 11,000 job cuts; failure to sell its HKM stake could lead to the plant's closure.

Progress

44% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 23 results