EMCC European Monitoring Centre on Change

ThyssenKrupp System Engineering

Company/Organisation:
ThyssenKrupp System Engineering

Geographic Location

Country: World
Location of affected unit(s): Germany

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 4600
Group: ThyssenKrupp

Employment Effects

Announcement Date: 29-09-2020
Planned Job Reductions min: 800
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-03-2021

Additional Information

ThyssenKrupp System Engineering, a subsidiary of the German steel manufacturer ThyssenKrupp, announced that it will cut 800 jobs worldwide, including 500 in Germany. The restructuring programme will affect production and administrative staff in the automotive part of the business. Negotiations with employees’ representatives are expected to be carried out and a collective agreement signed by spring 2021.

The job cuts come on account of the impact of the COVID-19 pandemic as the company recorded a drop in demand for automotive products on international markets. The head of ThyssenKrupp said they do not expect output figures in the automotive industry to return to pre-crisis levels for at least two to three years.

ThyssenKrupp System Engineering operates in 12 countries and employs 4,600 worldwide.

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