Thyssenkrupp Steel’s New Leadership Pursues Social Plan for Displaced Workers
Thyssenkrupp Steel’s management is seeking to establish a social plan for its employees, following the announcement of plans to cut thousands of jobs. The company’s new personnel director, Dirk Schulte, emphasized the importance of placing workers in new jobs, stating that the main focus lies on this aspect of the social plan.
As previously announced in November, Thyssenkrupp Steel plans to eliminate 11,000 jobs through a combination of job cuts, outsourcing and the sale of companies. The company is set to begin tariff negotiations with the IG Metall union shortly.
According to Schulte, the number of 11,000 job cuts is definitive and the company must adapt to the current situation. Thyssenkrupp Steel produces at a higher cost compared to its competitors, the manager explained, leading to the need to reduce the workforce by 5,000 jobs, in addition to the 6,000 positions that will be outsourced. The company currently employs around 26,300 people.