Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!
you are here: HomeNewsBusiness

Thyssenkrupp must decide on steel JV leadership soon: Workers

Thyssenkrupp Chief Executive Guido Kerkhoff said last month that a decision on the leadership of the joint venture would be made before Christmas.

December 05, 2018 / 11:30 PM IST
The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company's annual news conference in Essen

The logo of German steel-to-elevators group ThyssenKrupp AG is pictured during the company's annual news conference in Essen

Thyssenkrupp needs to quickly settle who will lead a planned European joint venture with Tata Steel, a labour leader said on December 5.

Thyssenkrupp Chief Executive Guido Kerkhoff said last month that a decision on the leadership of the joint venture would be made before Christmas.

"If not then we'll make trouble," Tekin Nasikkol, who heads the works council of Thyssenkrupp's steel unit, told reporters.

"There is a lot to talk about, but we don't have anyone to talk to," Nasikkol said. "I have to strongly condemn this."

Thyssenkrupp and Tata Steel unveiled plans in June to combine their European steel units to form the continent's second-largest steelmaker after ArcelorMittal.

Close

Nasikkol said the decision on the entity's leadership should have been made months ago.

The joint venture, to be called Thyssenkrupp Tata Steel, will have a two-tier leadership structure: a management board and a supervisory board, each with six members, on which both companies will be equally represented.

Former Siemens executive Andreas Goss, who has been heading Thyssenkrupp Steel Europe since 2014, is seen as one of the top candidates to lead the combined entity.
Reuters
first published: Dec 5, 2018 09:59 pm

stay updated

Get Daily News on your Browser
Sections