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after tata steel deal, thyssenkrupp in leadership turmoil as chairman quits




the chairman of germany's thyssenkrupp has resigned, following the company's chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate. ulrich lehner's departure on monday deepens a leadership vacuum at the submarines-to-elev...



crack in the welding: tata steel, thyssenkrupp jv hits speed bump




a lifeline joint venture deal for tata steel europe with german giant thyssenkrupp is headed for trouble with key shareholders asking the thyssenkrupp management to re-negotiate a better deal as profits of the german company have improved while those of tata steel europe have slowed since last septe...



crack in the welding: tata steel europe, thyssenkrupp jv hits speed bump




a lifeline joint venture deal for tata steel europe with german giant thyssenkrupp is headed for trouble with key shareholders asking the thyssenkrupp management to re-negotiate a better deal as profits of the german company have improved while those of tata steel europe have slowed since last septe...



tata steel hives off europe biz, inks definitive jv with thyssenkrupp




tata steel on saturday said it has signed a definitive agreement with germany's thyssenkrupp ag to combine their european steel businesses in the region. it will be a 50:50 joint venture in a new company, informed tata steel via release. this follows the signing of a memorandum of understanding in s...



thyssenkrupp, tata steel delay signing of jv; may take place after june




thyssenkrupp on thursday said that plans to set up a steel joint venture with india's tata steel would suffer a delay, hampered by ongoing negotiations between tata and its workers in britain and the netherlands. boards at both companies were expected to decide on the venture by the end of june, thy...



in a landmark deal, tata steel & thyssenkrupp seal 50:50 jv agreement




tata steel has signed a definitive agreement with thyssenkrupp ag to create a 50:50 joint venture that would be europe’s second-largest steelmaker after arcelormittal. the deal is being touted as the biggest consolidation in the european steel market since the acquisition of arcelor by mittal stee...



thyssenkrupp's labour representatives back planned jv with tata steel




thyssenkrupp's powerful labour representatives on thursday signalled their support for a planned joint venture with tata steel, effectively guaranteeing that the deal will be approved by the group's supervisory board. "the joint venture that has now been agreed is better than any joint venture that ...



tata steel europe to get 45% in joint venture with thyssenkrupp




tata steel europe will get 5 per cent less stake in its proposed joint venture (jv) with thyssenkrupp of germany than what was envisaged in september 2017, thanks to its slowing earnings. according to the new plan, the german firm will own about 55 per cent equity in the new company, while tata stee...



job losses threat at tata steel ijmuiden as merger draws near




storm clouds over tata steel in ijmuiden? photo: depositphotos.comsteelworkers at germany’s thyssenkrupp overwhelmingly approved plans for a merger with india’s tata steel which would create europe’s second-largest steelworks after arcelormittal. the transaction is designed to cope with produc...



thyssenkrupp workers signal support for joint venture with tata steel




thyssenkrupp's powerful labour representatives on thursday signalled their support for a planned joint venture with tata steel, effectively guaranteeing that the landmark deal will be approved by the group's supervisory board. workers' support for the deal is a major victory for chief executive hein...



tata steel and thyssenkrupp plan merger deal - daily echo




tata steel and german firm thyssenkrupp have taken the first step towards a merger deal by signing a memorandum of understanding. the companies said the move will lead to the creation of a leading european steel enterprise.start the conversation, or read more at daily echo.



thyssenkrupp board approves tata steel deal, jv to have 48,000 workers




thyssenkrupp's supervisory board on friday gave the green light for a steel joint venture with tata steel , paving the way for the european steel sector's biggest shake-up in more than a decade. the largest deal in europe's steel industry since the takeover of arcelor by mittal in 2006, the 50-50 jo...



tata and thyssenkrupp merger creates european steel giant




tata steel overlooks the beach in ijmuiden. photo: dutchnews.nlanglo-dutch tata steel europe has agreed to a merger with germany’s thyssenkrupp which will create europe’s second-largest steel producer.regulatory agencies still have yet to sanction the merger, which is expected to be completed be...



thyssenkrupp, tata sign deal to become europe's second biggest steelmaker




this picture taken on september 29, 2017, shows an outside view of the thyssenkrupp steel facility in bochum, western germanygerman industrial giant thyssenkrupp said friday it had finally agreed the merger of its steelmaking business with india's tata, making the merged firm europe's second biggest...



dutch jobs to go as tata steel and thyssenkrupp plan merger




storm clouds over tata steel in ijmuiden? photo: depositphotos.comeurope’s second-largest flat steel business is to be formed through the 50:50 merger of mumbai-based tata steel´s dutch and british operations with those of german steel major thyssenkrupp.the two companies have signed a memorandom...



'tata steel’s dutch unit is key to tata, thyssenkrupp alliance'




storm clouds over tata steel in ijmuiden? photo: depositphotos.complans by germany’s thyssenkrupp and tata steel, subsidiary of the indian-based tata industrial giant to combine their european steel operations may hinge on tata steel’s plant in ijmuiden, reuters new agency reported on thursday.t...



workers seek thoroughness over speed in tata steel-thyssenkrupp european jv




thyssenkrupp workers on thursday urged management to solve outstanding issues in talks with tata steel to create a european joint venture, signalling they would not be opposed to a further delay of the transaction if necessary. the remarks come as thyssenkrupp chief executive heinrich hiesinger find...



thyssenkrupp reaches out to unions after workers protest tata steel merger




tata-thyssenkrupp steel merger could cut up to 4,000 job cuts



thyssen-tata talks: german union demands 10-year job guarantee in merger




ig metall, germany's largest union, has called for a 10-year guarantee for jobs, sites and investments at thyssenkrupp's steel business as a condition for agreeing to a planned merger with tata steel. "we call for a decade of security for employment, locations, factories and investments. that's what...



newsmaker: tata steel ceo t v narendran plays drums to ease work pressure




t v narendran, the newly appointed global ceo & md of tata steel, runs at the rate of 8km an hour, three days a week. last year and the year before, he ran 10km in the tata steel kolkata 25k marathon. running for him is not just a way to stay fit, it’s also his thinking time. as he slips into a gl...



thyssenkrupp kicks starts with union over job cuts on tata steel merger




managers and labour leaders at germany's thyssenkrupp have struck a conciliatory tone as they seek to resolve a dispute over job cuts resulting from a planned merger of its steel operations with those of india's tata steel. the de-escalation came after 8,000 steelworkers protested on wednesday, the ...



thyssenkrupp ceo resigns after tata merger deal




the chief executive of german industrial giant thyssenkrupp has handed in his resignation, less than a week after a merger of its steelmaking business with india's tata, creating europe's second biggest steelmaker, the group said thursday.



news digest: tata-thyssenkrupp jv, walmart-flipkart deal, and more




crack in the welding: tata steel, thyssenkrupp jv hits speed bumpa lifeline joint venture deal for tata steel europe with german giant thyssenkrupp is headed for trouble with key shareholders asking the thyssenkrupp management to re-negotiate a better deal as profits of the german company have impro...



top trade union demands guarantees in thyssenkrupp-tata steel jv




ig metall, germany's largest trade union called on thyssenkrupp's management to provide guarantees for jobs, plants and future investments in relation to a planned european steel tie-up with tata steel. in an information leaflet seen by reuters, ig metall said management had failed to address employ...



tata steel-thyssenkrupp jv seen credit neutral amid high leverage: fitch




tata steel's definitive agreement with thyssenkrupp ag to create a 50:50 steel joint venture (jv) in europe will improve the former's business profile by reducing its exposure to structural weaknesses in the region. however, the gain will probably be offset by a relatively high level of leverage ove...