German industrial giant ThyssenKrupp defends Tata steel merger
German industrial giant ThyssenKrupp defends Tata steel merger
Berlin - Egypt Today
German heavy industry giant ThyssenKrupp on Thursday defended its disputed merger with India's Tata Steel, saying its restructuring plan and the tie-up would help to secure tens of thousands of jobs.
The tie-up, announced end-September to form Europe's second biggest steel works after ArcelorMittal, has sparked fears for 4,000 jobs in production and administration that hang in the balance.
On Thursday, thousands of workers, some holding up signs saying "We are the future", answered a call by metal works union IG Metall to protest at the group's Andernach site in western Germany.
But ThyssenKrupp chief executive Heinrich Hiesinger defended the merger and planned overhaul at the conglomerate, saying: "We will perhaps cut thousands of jobs, but we will also secure tens of thousands of jobs with this co-enterprise."
- Wednesday ,12 December GMT 08:26 2018 Australian government discusses moving Israel embassy to Jerusalem
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen linksGMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomatGMT 09:24 2018 Wednesday ,12 December
LuLu supports KFUPM Rectors Cup marathonGMT 09:12 2018 Wednesday ,12 December
Ford trains 1,600 motorists in Mideast, Africa in 2018GMT 09:00 2018 Wednesday ,12 December
May tours Europe in desperate bid to save Brexit dealGMT 08:26 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to JerusalemGMT 10:32 2018 Tuesday ,11 December
Trump’s troubled White House in search of new chief of staffGMT 10:03 2018 Monday ,10 December
23 Palestinians arrested in West BankRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 06:59 2017 Wednesday ,15 February
Ranim Abdeen prefers program serving people
GMT 06:38 2017 Wednesday ,08 February
IOF beseige 25,000 Palestinians in West Bethlehem villages
GMT 16:00 2011 Tuesday ,23 August
Murray among stars headed to ThailandGMT 00:11 2012 Saturday ,21 April
US restaurant known for \"rudest waiter\" closing
GMT 12:33 2017 Tuesday ,28 November
Sinai mosque attack 'terrorist, barbaric'
GMT 12:45 2017 Thursday ,28 September
Israeli PM calls Palestinian Authority for condemning attack
GMT 10:02 2017 Tuesday ,11 April
In Champions League quarter-final 1st-leg
GMT 12:49 2017 Sunday ,24 September
Algerian government turns to Islamic financial services before 2018GMT 16:30 2011 Friday ,08 July
Rihanna talks dating and men
GMT 14:54 2017 Monday ,20 February
Coaching manual to help UAE teenagers deal
GMT 19:43 2018 Thursday ,01 November
Israeli warplanes violate airspace of Lebanon's capital
GMT 04:59 2017 Sunday ,26 March
Britain’s poorest, excluded from banking, turn to high-cost credit
GMT 19:08 2017 Wednesday ,16 August
More than 100 children killed in Sierra Leone floodsGMT 07:39 2012 Monday ,06 February
Husband, sons of missing US woman killed
GMT 11:26 2012 Wednesday ,20 June
Aston Martin Unvenls the Vanquish
GMT 09:29 2015 Tuesday ,27 October
22 more elephants poisoned to death in Zimbabwe
GMT 05:33 2016 Tuesday ,27 December
UN-habitat rehabilitated damages houses in Ramadi, handed over to returneesGMT 13:46 2011 Thursday ,21 July
Activists called for more protests on Friday
GMT 20:52 2016 Saturday ,06 August
NBA's Mills, Bogut power Aussies over France in Rio
GMT 01:21 2015 Monday ,13 July
Missile lands in house, injures 4 in Sheikh Zuweid
GMT 14:46 2015 Friday ,16 October
26 more elephants poisoned in ZimbabweGMT 17:25 2011 Tuesday ,27 September
Crocodile at large in joggong parkGMT 14:30 2013 Monday ,25 February
Egyptian broadcaster moves to Media Production CityGMT 10:27 2011 Thursday ,23 June
Far too many schools are still letting families
GMT 02:20 2015 Wednesday ,08 April
Sisi reviews regional, international updates with FM
GMT 22:11 2017 Monday ,16 January
Israeli Navy Opens Fire at Palestinian Fishermen Off Gaza
GMT 01:34 2016 Friday ,23 December
Cairo court upholds decision to freeze Mubarak assetsGMT 20:34 2012 Thursday ,28 June
Google rolls in tablet market with Nexus 7GMT 07:17 2011 Wednesday ,20 July
Weather forecast favorable for last shuttle landing
GMT 23:49 2016 Sunday ,30 October
Number of MPs slam Madani's statementsGMT 07:27 2011 Saturday ,12 November
U.S. FDA approves first cord blood product
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor