Thyssenkrupp Warns Nearly 30,000 Steel Workers To Prepare For 'Tough Cuts'
German conglomerate Thyssenkrupp is warning nearly 30,000 steel workers to brace for layoffs, according to a report Saturday. Dennis Grimm, the newly named spokesman of Thyssenkrupp Steel Europe's executive board, said the company was drawing up a new business plan that will lead to major job losses, Reuters reported.
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Europe's highest, sided with the European Commission and dismissed Thyssenkrupp's appeal entirely, the judges said.
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