ThyssenKrupp to cut 2,000 European jobs

Feb 08, 2013 | 01:06 PM | Elfi Middelbeek

Tags  ThyssenKrupp, SteelEurope, Europe, work force, cutbacks, efficiency, Steel First, Elfi Middelbeek

LONDON — German steelmaker ThyssenKrupp AG will cut 2,000 jobs in its Steel Europe division by 2015 as part of an efficiency program aimed at increasing profitability and competitiveness, the group said Feb. 8.

The current 27,600-strong Steel Europe work force will be cut back in a "socially responsible way," the company said, adding that another 1,800 employees could face redundancy through the potential divestment of business units.....

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