Salzgitter to acquire HKM, cut around 2,000 jobs
09/07/2026 10:48
Salzgitter to acquire HKM, cut around 2,000 jobs July 9 (Reuters) - Salzgitter SZGG.DE is set to wholly acquire joint venture HKM from former co-owners thyssenkrupp Steel and Vallourec VLLP.PA and intends to cut around 2,000 jobs, the steel producer said on Thursday.
The German company intends to reduce HKM's workforce to roughly 1,000 positions from around 3,000.
(Reporting by Danny Callaghan)
((Email: danny.callaghan@thomsonreuters.com))
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