Article: German ThyssenKrupp to cut 300 jobs at Nirosta unit.

Article from:
ADP News Germany
Article date:
September 8, 2009
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(ADPnews) - Sep 8, 2009 - German steel and engineering group ThyssenKrupp AG (ETR:TKA) said today it would cut 300 jobs at its Nirosta unit.

The measure is part of a labour deal reached today between the group's executive board and the General Works Council of Nirosta unit. The agreement, which is aimed at strengthening the company's competitiveness, is valid until December 31, 2012.

The job reductions will be made through partial retirement, severance programmes and natural turnover. There will be no ...

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