11,000 Jobs on the Line as Another German Company Stumbles
Germany’s largest steel producer, Thyssenkrupp Steel, has announced plans to cut approximately 11,000 jobs by 2030, marking another major blow to the country’s struggling industrial sector. The reductions, representing 40% of the company’s workforce, are part of a strategic overhaul aimed at addressing intensifying global competition and rising costs. The company plans to reduce 5,000…