GALWAY, IRELAND--December 4, 2024--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--German steel major Thyssenkrupp (Essen) is to cut its workforce by 40% by the end of the decade to combat the impact from cheap steel imports from Asia.

Within this article: Details major job cutting plan by steelmaker Thyssenkrupp, reasons, impact, impact on projects and planned spending