Brief: Thyssenkrupp Steel Concludes Restructuring Collective Deal With IG Metall

Vallourec SA

01/12/2025 13:44

Dec 1 (Reuters) - THYSSENKRUPP TKAG.DE:

PRESS RELEASE: THYSSENKRUPP STEEL CONCLUDES RESTRUCTURING COLLECTIVE AGREEMENT WITH IG METALL

CONTRACT TERM UNTIL 30 SEPTEMBER 2030

FINANCING SECURED FOR THYSSENKRUPP STEEL

REDUCTION OR OUTSOURCING OF AROUND 11,000 JOBS

PARTIES HAVE AGREED TO KEEP THE TERMS AND CONDITIONS CONFIDENTIAL

HAS AGREED WITH THE TRADE UNION AND EMPLOYEE REPRESENTATIVES ON THE OUTSTANDING DETAILS OF THE RECONCILIATION OF INTERESTS, SOCIAL PLAN AND OTHER COMPANY AGREEMENTS

ENVISAGES A MARKET-DRIVEN REDUCTION OF PRODUCTION CAPACITIES TO A SHIPPING LEVEL OF 8.7 TO 9 MILLION TONS

RESTRUCTURING PROCESS WILL NOW BE IMPLEMENTED IMMEDIATELY

Further company coverage: SZGG.DE

 (Gdansk Newsroom)

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