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“All concerned should work together to strengthen Thyssenkrupp as a significant company in the German business world, thereby sparing jobs,” said German Labour Minister Hubertus Heil.
Reuters
Updated:July 18, 2018, 3:08 PM IST
The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company’s annual news conference in Essen, Germany. (Image: Reuters)
“We are following the situation at Thyssenkrupp intensively and with growing concern,” he told Reuters on Wednesday, urging managers to preserve the company as a whole and preserve jobs in Germany.
“All concerned should work together to strengthen Thyssenkrupp as a significant company in the German business world, thereby sparing jobs,” he added.
The company’s chairman and chief executive both resigned this month following pressure from activist shareholders demanding a restructuring of the conglomerate. Potential bidders for parts of the company include Tata Steel and lift-maker Kone.
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