EMCC European Monitoring Centre on Change

ThyssenKrupp

Company/Organisation:
ThyssenKrupp

Geographic Location

Country: European Union
Location of affected unit(s): Duisburg-Beeckerwerth, Dortmund and Neuwied (Germany) and Galmed (Spain)

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 168000

Employment Effects

Announcement Date: 08-02-2013
Planned Job Reductions min: 2000
Type of Restructuring: Internal restructuring
Foreseen End Date: 30-09-2015
Direct Dismissals: 2000

Additional Information

German multinational steel conglomerate ThyssenKrupp will reduce its European workforce by at least 2,000 employees. The company implements a large optimization programme in its Steel Europe division, implying the closure, relocation or sale of business units and facilities. The plants of ThyssenKrupp under review are Duisburg-Beeckerwerth, Dortmund and Neuwied (Germany) and Galmed (Spain).

The company notes that the restructuring could lead to the additional loss of 1,800 jobs, due to possible ‘disposals’.

Sources:

08-02-2013Financial Times
08-02-2013Thyssen Krupp (press release)

Sources Links:

http://www.thyssenkrupp.com/en/presse/art_detail.html&eid=TKBase_1360306581105_846467338