EMCC European Monitoring Centre on Change

ThyssenKrupp

Company/Organisation:
ThyssenKrupp

Geographic Location

Country: World
Location of affected unit(s): Germany and other locations

Company

Sector: Administrative services
Administrative and support service activities
82 - Office administrative, office support and other business support activities
Number Employed: 154000

Employment Effects

Announcement Date: 11-07-2017
Planned Job Reductions min: 2000
Planned Job Reductions max: 2500
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-09-2020

Additional Information

ThyssenKrupp, the German industrial group, announced a plan to cut between 2,000 and 2,500 administrative jobs worldwide by September 2020. About half of the job cuts will affect Germany where the group plans to cut between 1,000 and 1,250 jobs. Other locations have not yet been reported. The company intends to implement most of the job reductions through natural attrition, part-time work and early retirement. The measures are part of a savings programme aimed at increasing the efficiency within the department, saving around €400 million. 

ThyssenKrupp employs 159,000 people worldwide. Currently, 18,000 employees work in the administration departments.