ThyssenKrupp Grants Liberty Steel Access to Business Data
Handelsblatts reported that the search for a solution for the ailing steel division of ThyssenKrupp is moving as it is now permitting Liberty Steel examination of its books. A company spokesman told Handelsblatts "ThyssenKrupp and Liberty Steel have agreed to enter a further process phase. Liberty Steel will shortly receive an insight into key business data from ThyssenKrupp's steel business.”
However, the employee representatives at ThyssenKrupp are continuing to reject a sale to Liberty. IG Metall board member & deputy chairman of the supervisory board at ThyssenKrupp Mr Jurgen Kerner said “ThyssenKrupp Steel doesn't need a new owner, but additional capital, and Liberty doesn't have that either.”
The union and works council are calling for the state to get involved in Thyssen-Krupp steel.