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Latest Articles in thyssenkrupp

Tata Steel Signs 50:50 Joint Venture With Thyssenkrupp

The proposed 50:50 joint venture – thyssenkrupp Tata Steel, would have a pro forma turnover of about Rs 115,000 crore per annum and currently employs about 48,000 people spread across various locations

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Thyssenkrupp Works Council Softens Opposition To Tata Steel Deal

Thyssenkrupp's supervisory board will meet on Sept. 23 to discuss the possible tie-up, which CEO Heinrich Hiesinger says is the best way to take overcapacity out of the market. Labour leaders, however, are concerned it will cost thousands of jobs

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Tata Steel UK Pension Scheme Separates From Firm

"The (British Steel Pension Scheme) has now been separated from Tata Steel UK and a number of affiliated companies," Tata Steel UK said in a statement

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Tata Steel Gets Regulatory Approval For UK Pension Deal

Tata Steel will pay 550 million pounds into the British Steel Pension Scheme and will also give one of Britain's largest final salary pension schemes a 33 percent equity stake in Tata Steel UK Ltd

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Thyssenkrupp Won't Rush Into Tata Steel Merger: CFO

Britain's Sky News reported on Wednesday that Tata Steel was on the brink of detaching its 15 billion-pound ($19.45 billion) British Steel pension fund from its UK operations

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Tata Steel Sells UK Pipe Mills To Liberty House

Tata Steel said it had agreed to sell its pipe mills in the north of England to UK-based metals and industrial group Liberty House for an undisclosed sum

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Thyssenkrupp Wants Less Than 50% Of Tata steel Joint Venture

Thyssenkrupp and Tata have been in discussions since last year to combine their European operations in a joint venture to remove overcapacity from the market and cut costs, and had so far said to be planning a 50-50 venture.

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Liberty House To Add 300 New UK Steel Jobs, Invest £20 Million

Liberty House, the industrial and commodities group that is buying up steel assets around the world, will add 300 UK jobs at the speciality steels business it bought from Tata Steel this year

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Tata Steel Says In 'Constructive Discussions' With ThyssenKrupp

Tata Steel began talks with ThyssenKrupp last July after it called off the sale of its Port Talbot works in Wales because of uncertainty caused by the Brexit vote and its burgeoning pension liabilities

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Tata Steel UK Agrees To Sell Speciality Steel Business To Liberty House

The speciality division is one of the world's biggest suppliers for the aerospace industry, with customers including Rolls-Royce, Boeing and Airbus

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Tata Steel's UK Pensions Trustee Warns Deficit To Surge

Tata Steel has held talks to merge its European assets with Germany's Thyssenkrupp, but the success of those talks hinges on Tata being able to separate itself from its British pension scheme

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Thyssenkrupp Labour Chief Demands Better Deal Than Port Talbot

Thyssenkrupp and Tata have been in talks for about a year to merge their European steel operations to cut costs and overcapacity

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Tata Steel Sweetens Offer To UK Workers, Moves Closer To Merger

Tata Steel UK offered British unions a deal guaranteeing jobs and investment on Wednesday in return for pension cuts, moving the company closer to merging its European assets with Germany's Thyssenkrupp

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Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity

An industry source close to Thyssenkrupp's board said the German group expected the struggling plant to be downsized in the event of a merger, without specifying by how much

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Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity

Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry

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