It seems that many German companies have started to lay off a large number of employees recently?
TheSleepingPoet on
***TLDR***
German steel giant ThyssenKrupp Steel Europe has announced plans to cut 11,000 jobs, over a third of its workforce, by 2030. The company cites increased competition from cheap imports, particularly from Asia, as the primary reason for this decision. ThyssenKrupp aims to reduce production capacity and improve efficiency while minimising layoffs through voluntary departures.
The restructuring plan includes cutting 5,000 jobs in Europe and outsourcing or selling 6,000 positions. This move has been described as a “catastrophe” by union leaders. Meanwhile, ThyssenKrupp plans to spin off its steel division into a separate entity despite opposition from labour groups. The company reported a loss of €1.5 billion for the 2023-24 fiscal year.
ThirtyGees on
I might move to Germany in a few years it really looks like it’s going from bad to worse lately 😭
11 commenti
sanctions are working
It seems that many German companies have started to lay off a large number of employees recently?
***TLDR***
German steel giant ThyssenKrupp Steel Europe has announced plans to cut 11,000 jobs, over a third of its workforce, by 2030. The company cites increased competition from cheap imports, particularly from Asia, as the primary reason for this decision. ThyssenKrupp aims to reduce production capacity and improve efficiency while minimising layoffs through voluntary departures.
The restructuring plan includes cutting 5,000 jobs in Europe and outsourcing or selling 6,000 positions. This move has been described as a “catastrophe” by union leaders. Meanwhile, ThyssenKrupp plans to spin off its steel division into a separate entity despite opposition from labour groups. The company reported a loss of €1.5 billion for the 2023-24 fiscal year.
I might move to Germany in a few years it really looks like it’s going from bad to worse lately 😭
Tatters I tell you https://youtube.com/shorts/R-g6jY8DI3c?si=w927MciPwYxwa0sY
This was to be expected when energy prices tripled in 4 years.
It wouldn’t be so critical if there was a clear development plan.
Nuclear power bad. cheap energy and jobs are for chinese and americans not progressive germany. Let’s drag the whole EU with us.
“for Krupp is a monopolist,
and Krause is a proletarian.
this is the class contrast
that everyone understands.”
this is what happens when you make industries pay for air and close nuclear power plants
The sooner the riots start the sooner we can greatly reset everything
Can Germany not start up their nuclear plants? Just asking, or did they already dismantle their nuclear plants..