Keep Calm and Steel On: Thyssenkrupp's Imminent Job Cuts and Social Plan Negotiations
Thyssenkrupp Steel Reveals Proposed Social Agreement for Employee Discharges - Thyssenkrupp Steel advocates for a socio-economic plan during workforce reductions.
It's time for a shift at Thyssenkrupp Steel Europe - a massive shake-up, to be precise. With a whopping 11,000 positions on the chopping block, the company is gearing up for a showdown with the IG Metall union, aiming to hammer out a social plan to soften the blow. Dirk Schulte, Thyssenkrupp's new head of personnel, has already begun talks with the union, promising the Westdeutsche Allgemeine Zeitung (WAZ) that the main focus will be on aiding employees in finding new jobs. The number, you ask? Yeah, it's a sad reality - the number 11,000 is set in stone, according to Schulte.
But the IG Metall union ain't buying it. They've expressed their bitter resistance to the plans, which, if you recall, were first announced back in November, outlining a six-year plan to slash the workforce from the current 27,000 to a trickier-to- pronounce 16,000. Now, about half of these job cuts will come from adjustments in production and administration, while the remaining 6,000 positions will be outsourced or sold off to other businesses.
The union's response was swift and sharp - they slammed the plans, demanding certain preconditions for negotiations. They insisted that any dismissals or closures due to operational reasons be ruled out, and that Thyssenkrupp's long-term financing be secured.
Now, here's where things get a tad unclear - the details of the social plan remain hazy. The search results don't shed much light on the provisions for early retirement, severance packages, or transfer companies. But remember, Thyssenkrupp is undergoing a massive corporate transformation, splitting into standalone businesses and opening them up for third-party investment. This restructuring has sent waves of uncertainty through its workforce, especially in the steel division, where significant cuts have already been made. As more details surface, we'll keep you updated. For now, stay calm, and steel on, folks!
EC countries, finance, and business should closely monitor Thyssenkrupp's negotiations with IG Metall as the job cuts and social plan could potentially impact the industry in these regions. The finalized social plan may provide insights for other companies undergoing restructuring, especially in the steel sector, as Thyssenkrupp transition into standalone businesses and engage third-party investment.
