Helmut Renk, the 62-year-old works council chairman lamented, 'It breaks my heart! You can't treat people this way. We've worked so hard for Thyssenkrupp.' His emotional plea reflects the deep connection employees feel to the company and their distress over the looming closure affecting their livelihoods.
Ulrike Holter from IG Metall remarked on the collective anger of steelworkers, stating, 'They are especially angry with management, and anxious about their own future,' highlighting the urgent concerns faced by the workforce regarding job security.
The job cuts at Thyssenkrupp Steel Europe are alarming, as the company stated plans to eliminate 11,000 jobs, which amounts to about 40% of its German workforce. This decision affects not only the Kreuztal-Eichen plant in its imminent closure but also expresses a broader trend of workforce reduction in the steel industry.
Thyssenkrupp announced significant reductions in steel production capacity, indicating a shift in strategy by divesting major stakes and foreshadowing potential challenges in maintaining operational efficiency. This is part of a push for operational improvements in the face of declining market demand.
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