EMCC European Monitoring Centre on Change

ThyssenKrupp

Company/Organisation:
ThyssenKrupp

Geographic Location

Country: Germany

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
Group: ThyssenKrupp

Employment Effects

Announcement Date: 15-05-2013
Planned Job Reductions min: 1500
Planned Job Reductions max: 1500
Type of Restructuring: Internal restructuring
Employment Effect Start: 17-05-2013
Other Job Reduction Measures: 1500

Additional Information

German multinational steel company ThyssenKrupp announced its plan to cut 1,500 jobs in Germany. This is due to severe losses in the last quarters. Most of the job reduction measures will focus mainly on ThyssenKrupp’s administrative center in Essen. Job cuts will be implemented without forced redundancies.

The restructuring in Germany is part of a larger cost-cutting plan (see ThyssenKrupp- WO2013b).  For previously announced restructurings in Germany see ThyssenKrupp-DE2012a, ThyssenKrupp-DE2012b, ThyssenKrupp-DE2006a, ThyssenKrupp-DE2006b, ThyssenKrupp-DE2005a and ThyssenKrupp-DE2005b.