Thyssenkrupp's Auto Arm Plans Job Cuts - aftermarketNews

Thyssenkrupp’s Auto Arm Plans Job Cuts

ThyssenKrupp AG's automotive arm plans to cut jobs, Financial Times Deutschland (FTD) reported Wednesday, citing a company spokesman.

From Dow Jones Newswires

FRANKFURT, Germany — ThyssenKrupp AG’s automotive arm plans to cut jobs, Financial Times Deutschland (FTD) reported Wednesday, citing a company spokesman.

A study on the planned merger of ThyssenKrupp’s Drauz and Nothelfer subsidiaries has recommended around 500 be cut from a 43,500-strong workforce, said FTD.

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