German Labor Union Raises New Concern Over Tata-thyssenkrupp Joint Venture
03/29/2018 - A new obstacle is emerging in the planned Tata Steel-thyssenkrupp AG joint venture, as German unions are voicing displeasure over a labor guarantee that Tata’s Dutch unit could continue to operate independently past the tie-up.
“Should the agreement for the Netherlands remain in place we will demand the same for us,” Markus Grolms, trade union secretary at the IG Metall union and vice chairman of thyssenkrupp’s supervisory board, told the Reuters news service. “But then a joint venture no longer makes sense because every unit would only act on its own.”
Reuters has more here and here.
