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Thyssenkrupp Flags Additional Job Cuts

Chief Financial Officer Klaus Keysberg, in a call with journalists discussing fiscal third-quarter results, said that talks were ongoing, not providing further details.

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Ailing conglomerate Thyssenkrupp on Thursday said it was in talks about additional job cuts as the coronavirus pandemic is hitting its cyclical businesses hard.

Chief Financial Officer Klaus Keysberg, in a call with journalists discussing fiscal third-quarter results, said that talks were ongoing, not providing further details.

The group is already cutting 6,000 jobs under an ongoing savings programme.

(Reuters)


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