Loss-making Thyssenkupp Steel plans to reduce workforce by around 40% Germany's largest steelmaker will close down its processing site in Kreuztal-Eichen, while the sale of its plant in Duisburg, Huettenwerke Krupp Mannesmann, will also a key part of the planned capacity reduction.

#Thyssenkupp Steel plans to reduce #workforce by around 40%. Germany's largest #steelmaker is under pressure from cheaper Asian #competitors, high power prices and a cooling global economy, leading to operating losses in four of the past five years. #industry www.euractiv.com/section/econ...