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Thyssen and union agree to restructure; capacity to be reduced but staffing will remain

IG Metall and thyssenkrupp Steel reached an agreement in principle for the upcoming restructuring of the company with a collective-bargaining agreement expected by summer 2025. It remains the declared aim of both parties to avoid redundancies. However, capacity is to be reduced to a shipping level of between 8.7- and 9-million mt due to market…


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