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4 months ago
Thyssenkrupp workers oppose restructuring until merger clarity
April 5, 2017 / 1:42 PM / 4 months ago

Thyssenkrupp workers oppose restructuring until merger clarity

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FILE PHOTO - The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company's annual news conference in Essen, Germany, November 24, 2016.Wolfgang Rattay/File Photo

ESSEN, Germany (Reuters) - Thyssenkrupp's (TKAG.DE) works council chief said on Wednesday he would oppose any further restructuring of the German industrial group's European steel business until there was clarity over a possible merger with Tata Steel Europe (TISC.NS).

Thyssenkrupp's chief executive has signalled there would be more restructuring, with or without a merger. Labour representatives expect to be informed about the latest plans at a meeting on Friday.

Reporting by Georgina Prodhan; Editing by Maria Sheahan

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