You are here: Home > Steel News > Latest Steel News > ThyssenKrupp...

ThyssenKrupp may shut down heavy plate mill by June 2020

Monday, 17 February 2020 11:48:54 (GMT+3)   |   Istanbul
       

German steelmaker ThyssenKrupp has said that it is planning to sell its heavy plate mill in Duisburg-Hüttenheim, as a part of its Steel Strategy 2030. The company said that, if it fails to find a buyer for the mill by the end of June 2020, the plant faces a threat of closure, affecting 800 employees in total.

Following this announcement, 300 employees at the plant stopped working in protest at the decision. The company’s human resources director Oliver Burkhard said that, in both cases, the employees will be offered a job at other steel plants.

Recently, ThyssenKrupp posted a net loss of €364 million for the quarter ended on December 31, 2019.

 


Similar articles

Thyssenkrupp begins construction work for slab caster and hot strip mill

13 Dec | Steel News

ThyssenKrupp to cut steel production amid lower demand

03 Apr | Steel News

ThyssenKrupp posts net loss in December quarter

13 Feb | Steel News

ThyssenKrupp reportedly seeks merger with Salzgitter

14 Jan | Steel News

Thyssenkrupp posts net loss for FY 2018-19, expects higher loss next FY

21 Nov | Steel News

Thyssenkrupp starts construction of new galvanizing line in Dortmund

05 Nov | Steel News

Thyssenkrupp plans to replace CEO

27 Sep | Steel News

ThyssenKrupp files complaint against EU for prohibiting Tata merger

23 Aug | Steel News

Moody’s changes outlook of ThyssenKrupp to stable from developing

05 Sep | Steel News

ThyssenKrupp to invest in new galvanizing line at Dortmund plant

15 Aug | Steel News