Thyssenkrupp Faces Sale Risks Amid Steel Leadership Crisis

Reported about 1 month ago

Thyssenkrupp's plans to sell its steel business face uncertainty due to a leadership crisis within the unit, as highlighted by the works council head. The departure of key executives has raised employee concerns about the company's future and the planned restructuring needed before a sale to Czech billionaire Daniel Kretinsky. The German government has been urged to intervene to resolve the situation affecting the steelmaker and its 27,000 workers.

Source: YAHOO

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