Close
Log in
Please enter your login details

Skip to main content

Breaking News
  • Ebola: WHO says expects first data on efficacy of vaccines by April 2015 – Reuters
  • Putin: risks of serious conflicts involving major countries have risen, as well as risk of arms control treaties being violated – Reuters
  • Russian President Putin calls for talks on internationally acceptable conditions for use of force – Reuters
  • WHO says potential Ebola vaccine manufacturers have made commitments for affordable prices – Reuters
  • German Chancellor Merkel urged Russian President Putin to support a quick solution to Moscow’s gas row with Ukraine – Reuters
  • Russian President Putin says global and regional security system has been weakened – Reuters
  • Hundreds of thousands of Ebola vaccines doses will be ready by the first half of 2015, says the World Health Organisation – Reuters
  • Tunisian forces killed six people after a standoff with an Islamist militant group on the outskirts of Tunis – Reuters
  • Poland lodges request with European Court of Human Rights for review of judgment in CIA prisons case – Reuters
  • French fighter jets destroyed 12 buildings in Iraq holding weapons under control of Islamic State militants
ThyssenKrupp to slash jobs

ThyssenKrupp is to cut more than 2,000 workers as part of plans to reduce costs in response to a slump in demand in the volatile steel sector.

Sales of assets could see an additional 1,800 people leaving.

The German steelmaker said it is considering closing, relocating or selling business units and facilities including plants in the Ruhr region of Germany and Spain.

It is also seeking a fresh start after scandals cost half its top managers their jobs last year.

Europe’s steelmakers are stuck with a lot of overcapacity.

Industry experts say annual demand in a “normal market is no more than 160 million metric tons, but there is currently the capacity to produce around 210 million.

Copyright © 2014 euronews

More about:

Check out today's top stories