Steelmaker ThyssenKrupp to slash 11,000 jobs in Germany

Quick Summary:

Dozens of companies have announced plans over the past few months to reduce their workforces in Germany.

Ford Motor said on Nov 20 it would eliminate 4,000 jobs in Europe, primarily in Germany.

The company has been struggling for years to decarbonise its steel production, as the price of powering its existing coking plants has soared.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermanyUnited States

Topics: First Eliminate Reduce Growth Years Largest Thyssenkrupp Germany Steel Jobs Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 09:16:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23866228

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