Will not support joint venture with Tata Steel: Thyssenkrupp employees

Labour leaders, who hold half the seats on Thyssenkrupp's supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said.

"We won't support a merger at any price," Markus Grolms, vice chairman of Thyssenkrupp's supervisory board and secretary at IG Metall, Germany's biggest labour union, told Reuters. Thyssenkrupp and Tata Steel are planning to combine their European steel activities to create the continent's.....

This article is no longer available in our repository.

There could be multiple reasons for this.