EMCC European Monitoring Centre on Change

ThyssenKrupp

Company/Organisation:
ThyssenKrupp

Geographic Location

Country: World
Location of affected unit(s): Germany, other countries

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Number Employed: 168000

Employment Effects

Announcement Date: 15-05-2013
Planned Job Reductions min: 3000
Planned Job Reductions max: 3000
Type of Restructuring: Internal restructuring
Employment Effect Start: 15-05-2013
Foreseen End Date: 15-05-2016

Additional Information

German multinational steel company ThyssenKrupp announced its plan to eliminate 3,000 of its 15,000 administrative positions worldwide over the next three years. According to the company, these job reductions will help to increase its efficiency and transparency.

The majority of the job cuts will be carried out in Germany where the headcount will be reduced by 1,500 staff (see ThyssenKrupp- DE2013). The job reduction measures will focus mainly on ThyssenKrupp’s administrative centre in Essen, Germany. The company plans to work closely with employee representatives, trying to avoid involuntary redundancies. 

Information on where the remainder of the job cuts will be carried out has yet to be published.

ThyssenKrupp announced large scale job reductions last February (see ThyssenKrupp-2013a).