Why Thyssenkrupp has to cut thousands of jobs.. As of: March 29, 2024, 5:14 a.m By: Max Schäfer CommentsPressSplit Thousands of employees could lose their jobs as part of the restructuring.
Up to 5,000 employees could be affected by the renovation. However, the company has pushed back against the job cuts reports. The austerity reform is expected to cost two billion euros. The savings plan also includes Hüttenwerke Krupp Mannesmann (HKM) with 3,000 workers.