10,449.36 TRY BIST 100 BIST 100
48.39 EUR EUR EUR
41.26 USD USD USD
5.82 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
40.98 TRY Interest Interest
66.56 USD Fossil Oil Fossil Oil
54.88 USD Silver Silver
4.57 USD Copper Copper
104.93 USD Iron Ore Iron Ore
335.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,853.81 TRY Gold (gr) Gold (gr)

thyssenkrupp Steel and IG Metall have concluded a deal on the 'Restructuring of the Steel Sector'

thyssenkrupp Steel and IG Metall, one of Germany’s largest trade unions, have announced that they have reached an agreement on a new rescue collective bargaining agreement titled 'Steel Restructuring'.

thyssenkrupp Steel and IG Metall have concluded a deal on the 'Restructuring of the Steel Sector'

According to the statement, the agreement provides clarity and a long-term perspective for both the company and its employees.

Following intense negotiations, the core elements of the industrial restructuring concept and the key points of consensus have been transformed into a binding collective bargaining agreement. The framework for the operational agreements required for the company’s restructuring has been outlined, with the aim of finalizing these arrangements by the end of September.

As part of the process, thyssenkrupp Steel aims to reduce excess capacity, improve efficiency, and achieve a competitive cost structure. Company management describes the move as a critical and long-overdue step toward securing a stable future for thyssenkrupp Steel.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

While Ukraine’s pig iron production rose in August, steel production continued to decline

Tuesday, September 9, 2025

Temporary ban on scrap exports from Kyrgyzstan

Tuesday, September 9, 2025

South Korea imposes provisional anti-dumping tax on hot-rolled steel sheets from Japan and China

Tuesday, September 9, 2025

Verso Energy will supply SHS Group with 6,000 tonnes of hydrogen annually starting from 2029

Tuesday, September 9, 2025

Ansteel Group achieved full process integration in the world’s first green hydrogen metallurgy pilot plant

Tuesday, September 9, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now