German news paper Handelsblatt reported that the steel division of ThyssenKrupp has decided on short time work for some of its employees in response to the losses incurred as a result of the Ukraine war and around 1,300 of around 18,000 employees are affected in Duisburg and at other Thyssen-Krupp Steel Europe AG locations. Some of the short-time work has already started. The company had reached an agreement on short-time work with employee representatives in March.According to Steel Works Council Chief Mr Tekin Nasikkol, the agreement provides for an increase and a lump sum in the event of short-time work, through which the employees are well protected.The steelmakers are struggling with weakening demand from the automotive industry and sharp increases in raw material and energy prices.
German news paper Handelsblatt reported that the steel division of ThyssenKrupp has decided on short time work for some of its employees in response to the losses incurred as a result of the Ukraine war and around 1,300 of around 18,000 employees are affected in Duisburg and at other Thyssen-Krupp Steel Europe AG locations. Some of the short-time work has already started. The company had reached an agreement on short-time work with employee representatives in March.According to Steel Works Council Chief Mr Tekin Nasikkol, the agreement provides for an increase and a lump sum in the event of short-time work, through which the employees are well protected.The steelmakers are struggling with weakening demand from the automotive industry and sharp increases in raw material and energy prices.
