Tata Steel plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday. Following a weekend interview in the Financial Times with the group's European chief executive, Henrik Adam, Tata confirmed it was planning to announce job cuts across the European business, which employs around 20,000 people.

Tata Steel plans to cut jobs across European operations

Thyssenkrupp will make sweeping job cuts and give an update on the new company structure in November, the company's new Chief Executive Martina Merz told employees on Wednesday.

Thyssenkrupp CEO announces sweeping job cuts

Thyssenkrupp said it was preparing to replace its chief executive Guido Kerkhoff, making him the latest casualty at the German steel-to-submarines conglomerate which has been in crisis mode for more than a year.

Thyssenkrupp plunged into turmoil as CEO Kerkhoff set to leave

The EU's powerful antitrust authority on Tuesday blocked the merger of German industrial conglomerate ThyssenKrupp with Indian steel giant Tata, an expected veto that kills the deal.

European Union blocks Thyssenkrupp-Tata steel merger plan

Management and labour leaders at Germany's ThyssenKrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs.

Germany's ThyssenKrupp agrees restructuring approach with labour leaders

ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal.

ThyssenKrupp sees room for EU agreement on Tata Steel deal

Israeli Prime Minister Benjamin Netanyahu has given a rare and unscheduled television interview to combat allegations of improper behaviour from his rivals before April elections.

Benjamin Netanyahu gives rare TV interview to address allegations

Thyssenkrupp won't rush into Tata Steel merger: CFO

Thyssenkrupp and Tata Steel had been in talks to merge their European steel units but the negotiations were disrupted by Brexit

Thyssenkrupp CEO says new Tata management still wants steel deal

Valuations are being discussed along with the question of whether Tata would make a payment to Thyssenkrupp

Thyssenkrupp, Tata may merge European steel businesses

thyssenkrupp

Thyssenkrupp, News on Thyssenkrupp, stories on Thyssenkrupp, articles on Thyssenkrupp, Thyssenkrupp stories at Wion, Thyssenkrupp news, Thyssenkrupp latest news