Luxembourg

German election campaign shaken up by Thyssenkrupp-Tata deal

Thyssenkrupp wants to merge its European business with that of Tata Steel to instead focus on manufacturing products such as lifts and ships.

20.09.2017

(Bloomberg) Just four days before Germans head to the polls, the prospect of job cuts at one of the country’s most iconic companies has galvanised political opposition.

Thyssenkrupp, which developed stainless steel a century ago and whose metal was used in Manhattan’s Chrysler and Empire State buildings, wants to merge its European business with that of Tata Steel to instead focus on manufacturing products such as lifts and ships.