The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.

Germany 's largest steelmaker, Thyssenkrupp Steel Europe (TKSE), has announced a major cut in its workforce by 2030. The company plans to cut around 11,000 jobs, which is nearly 40% of its total workforce. The move comes as part of a larger restructuring strategy to improve the firm's productivity and operational efficiency.

Thyssenkrupp AG’s steel unit plans to eliminate or outsource 11,000 jobs this decade, a move that would shrink a business that’s lost billions of euros to a global steel glut and rising energy prices.

Thyssenkrupp Steel Europe (TKSE) plans to reduce its workforce by 11,000 people or roughly 40%, the company said on Monday, the latest major restructuring to be announced by a German industrial giant.

Thyssenkrupp Steel, Germany's largest steel producer, plans to slash its current workforce of 27,000 down to around 16,000 by the end of 2030, company management announced on Monday. The steelmaker plans to eliminate 5,

Thyssenkrupp Steel Europe (TKSE) plans to cut 5,000 jobs by 2030 and an additional 6,000 jobs through the sale of business activities or transfer to external service providers, the company said on Monday.

Germany's largest steelmaker is proposing to cut 5,000 jobs altogether and outsource another 6,000 as it seeks to cut staff costs by around 10%. View on euronews

Germany's largest steelmaker ThyssenKrupp has announced a plan to cut its current workforce by more than a third by the end of the decade.