YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

New European steel giant expects to cut 4,000 jobs

Posted online

Germany's Thyssenkrupp and India's Tata Steel on Wednesday announced plans to merge their European operations.

The joint venture would create Europe's second-largest steel producer with annual revenue of nearly $18 billion and over 40,000 employees.

However, the combined venture expects to lay off 4,000 workers. The cuts will be about even between both firms.

Read more from CNNMoney.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences