Restructuring plan
- Europe
Thyssenkrupp’s steel division sees valuation slump
The unit has suffered from rocky economic conditions, fierce competition from Asian manufacturers, and a pressure to decarbonise. ADVERTISEMENT Thyssenkrupp…
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Thousands of jobs to go at German car parts maker Schaeffler
The company is downsizing at 10 locations in Germany and five other sites in Europe, further illustrating the challenges facing…
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Europe’s biggest paintmaker AkzoNobel set to cut 2,000 jobs
The Amsterdam-based firm, known for brands such as Dulux, is on a cost-cutting drive to ‘accelerate profitable growth’. ADVERTISEMENT Dutch…
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