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Regular-article-logo Monday, 09 February 2026

Thyssen defends merger

German heavy industry giant ThyssenKrupp on Thursday defended its disputed merger with Tata Steel, saying its restructuring plan and the tie-up would help to secure tens of thousands of jobs.

TT Bureau Published 24.11.17, 12:00 AM
WORRIED: ThyssenKrupp steel workers protesting in Germany on Thursday. Reuters

Berlin: German heavy industry giant ThyssenKrupp on Thursday defended its disputed merger with Tata Steel, saying its restructuring plan and the tie-up would help to secure tens of thousands of jobs.

The tie-up, announced in 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, saying: "We will perhaps cut thousands of jobs, but we will also secure tens of thousands of jobs with this co- enterprise."

"The problem of overcapacity in Europe's steel product remains unsolved, and we are convinced that this merger plan is the best solution,' he added. Reuters

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