BREAKING NEWS

BREAKING NEWS

Thyssenkrupp employees will not support Tata JV at any price

Thyssenkrupp employees will not support Tata JV at any price
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Thilo Schmuelgen(Reuters)
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DUESSELDORF, Germany (Reuters) - Labour leaders, who hold half the seats on Thyssenkrupp's supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said.

"We won't support a merger at any price," Markus Grolms, vice chairman of Thyssenkrupp's supervisory board and secretary at IG Metall, Germany's biggest labour union, told Reuters.

(Reporting by Tom Kaeckenhoff; Writing by Christoph Steitz; Editing by Tassilo Hummel)

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