this post was submitted on 25 Nov 2024
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Summary

ThyssenKrupp Steel Europe, Germany’s largest steelmaker, plans to cut 11,000 jobs, a third of its workforce, by 2030 due to increased competition from cheap imports, especially from Asia.

The restructuring includes 5,000 job cuts, 6,000 outsourced or eliminated positions, and reduced steel production capacity.

The company plans to spin off its steel division into an independent entity, a move opposed by labor leaders.

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[–] skhayfa@lemmy.world 4 points 2 hours ago

Cutting jobs and reduce steel capacity to fight against increased competition... Something doesn't seems right 🤔

[–] zipzoopaboop@lemmynsfw.com 1 points 3 hours ago

Get your elevators while you still can

[–] WoodScientist@lemmy.world 1 points 5 hours ago

Bismark will be infuriated.

[–] whithom@discuss.online 3 points 8 hours ago (1 children)

Didn’t I just real an article about how Germany had millions of unfilled jobs?

[–] todd_bonzalez@lemm.ee 1 points 2 hours ago

One industry can be hiring while another lays off.

[–] DarkCloud@lemmy.world 17 points 13 hours ago* (last edited 13 hours ago) (1 children)

Krupp was one of the first steel canon and gun makers to play sides off against each other. There's a Behind the Bastards episode about them.

[–] Madison420@lemmy.world 2 points 10 hours ago

Armor too, Krupp armor is amongst the most famous armor manufacturers during WW2.

[–] homesweethomeMrL@lemmy.world 10 points 13 hours ago

That's a lot of fucking jobs. Great time of year for it too.

[–] 4am@lemm.ee -1 points 10 hours ago (1 children)

That’s a HWENAB of a lot of jobs