NRW Administration Insists on Assurances from Thyssenkrupp
With Thyssenkrupp on the brink of a major breakup, the North Rhine-Westphalia state government is pressing for location assurances from the company's upper echelon.
Let's lay it out straight – the employees are the backbone of this enterprise, and that's precisely why the state's Minister of Economics, Mona Neubaur (Greens), is voicing her concern. In a conversation with the Westdeutsche Allgemeine Zeitung, she echoed the sentiments of IG Metall and the workforce, stating, "We stand by the employees during this turbulent time."
IG Metall, a powerful union in the metal and engineering industries, fears that the expected division of Thyssenkrupp could lead to the termination of over 20,000 jobs[2]. Jürgen Kerner, their second chairman and vice-chairman of the supervisory board, dropped this bombshell in the same conversation.
So, what does this mean for the future of Thyssenkrupp in North Rhine-Westphalia? Neubaur view's the company's restructuring as a formidable challenge. However, she also sees it as an opportunity to revamp the business for longevity and success. But, she emphasized to the WAZ, a commitment from the board regarding the NRW locations, job security, and active employee involvement is crucial.
dts news agency
[1] Although details are scarce in existing search results, Thyssenkrupp's restructuring plan aims to transform its segments into independent businesses. This move is intended to bolster autonomy and strengthen investment strategies for each segment. However, the search results do not divulge specifics about government guarantees or agreements related to job losses or location commitments.
[2] This job loss count should be taken with a grain of salt, as it represents IG Metall's assumptions and might not be an accurate reflection of the final impact of Thyssenkrupp's restructuring. Consulting official statements from the North Rhine-Westphalia state government or Thyssenkrupp's official communications could provide more precise information.
The restructuring of Thyssenkrupp, if it leads to job losses as feared by IG Metall, could pose a significant challenge to the workforce in North Rhine-Westphalia, a region that values the employed population. To ensure business continuity and employee involvement, the state's Minister of Economics, Mona Neubaur, urged Thyssenkrupp's upper echelon to provide location assurances, assuring job security for the industry, finance, and overall business community.
