Loading...
Market
Thyssenkrupp Steel's market share in Europe by 2030?
3
Resolution / Starting Odds
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Industry reports and market analyses
Story
Thyssenkrupp Steel to Slash 40% of Workforce by 2030 in Germany
Nov 25, 2024, 02:53 PM
Thyssenkrupp Steel Europe, facing financial challenges, has announced plans to cut approximately 11,000 jobs by 2030, which represents about 40% of its workforce. This decision aims to reduce personnel costs by about 10% on average. The layoffs, impacting the steel industry in Germany, are attributed to high energy costs and foreign competition. The company intends to achieve these reductions through sales, outsourcing, and direct layoffs, with 6,000 jobs to be cut via sales and outsourcing, and 5,000 jobs to be eliminated by 2030.
View original story
Similar markets
Increase by more than 5% • 25%
Increase by 0-5% • 25%
No change • 25%
Decrease • 25%
Increase • 25%
Decrease • 25%
Remain the same • 25%
Other • 25%
Below 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
Above 30% • 25%
Increase • 25%
Decrease • 25%
Remain the same • 25%
Data not available • 25%
Less than 10% • 25%
10% to 20% • 25%
21% to 30% • 25%
More than 30% • 25%
Increase by over 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No significant change • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 10 • 25%
Increases • 25%
Decreases • 25%
Stays the same • 25%
Other • 25%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No significant change • 25%
