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Thyssenkrupp joint venture would be 'high risk,' labor union says
04/11/2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.
According to Bloomberg, leaders with IG Metall said that a combination of the companies’ steel businesses would be a “high risk” move for thyssenkrupp.
Tata Steel has been in talks with thyssenkrupp about combining its European strip business with thyssenkrupp’s steel mills in a joint venture, a strategy to survive amid global excess capacity.
Bloomberg has the story here.
Tata Steel has been in talks with thyssenkrupp about combining its European strip business with thyssenkrupp’s steel mills in a joint venture, a strategy to survive amid global excess capacity.
Bloomberg has the story here.
