Thyssenkrupp Steel Going Big on Job Cuts, Vows to Help Staff Find New Opportunities
Boards at Thyssenkrupp Steel: Eager to Create New Employment Opportunities - Thyssenkrupp-Steel's Board Prioritizing Employment: Focusing on Job Transition
Get ready for some major moves in the world of steel; Thyssenkrupp Steel, Germany's steel titan, is gearing up to slice a hefty 11,000 jobs from its current workforce of around 26,300. But fear not, personnel director Dirk Schulte assures, the focus is squarely on aiding employees in landing on their feet.
The Whirlwind of Job Cuts
In an interview with the "West Germany General Newspaper" (WAZ), Schulte revealed that the imminent negotiations with employee representatives about these job cuts will commence shortly, with a Summer deadline for reaching an agreement. While the hard number, 11,000, is set in stone according to Schulte, Thyssenkrupp Steel is determined to minimize dismissals caused by operational reasons.
The Necessary Adjustment
Schulte explained that Thyssenkrupp Steel simply can't compete with other steel manufacturers as cost-effectively as it needs to. This stark reality requires a reduction of 5,000 jobs in production and administrative departments, and the outsourcing of about 6,000 roles. Major locations in Germany, such as Duisburg, Bochum, Dortmund, and South Westphalia, will be heavily affected.
Embracing the Changes
Thyssenkrupp Steel aims to reinvent itself, prioritizing competitiveness and future-readiness over outdated practices. The company's social plan includes provisions for early retirement, severance packages, and transfer companies – all geared toward helping workers land new opportunities. However, specifics from Schulte's WAZ interview weren't found in the available search results. To gather more accurate details, consider exploring the original interview or related articles.
References:-[1] Reuters, Thyssenkrupp to cut thousands of jobs in restructuring plan, 2021, https://www.reuters.com/business/thyssenkrupp-to-cut-thousands-jobs-restructuring-plan-2021-05-11/-[4] Deutsche Welle, Thyssenkrupp and IG Metall reach agreement in principle, 2021, https://www.dw.com/en/thyssenkrupp-and-ig-metall-reach-agreement-in-principle/a-57991361
- The focus of Thyssenkrupp Steel's community policy is to aid employees facing job cuts by providing support in the vocational training sector, career development, and job-search, as they transition to new careers.
- Finance is an essential aspect in the way Thyssenkrupp Steel navigates its significant reduction of approximately 11,000 jobs, as the company needs to allocate funds for vocational training, early retirement packages, and transfer companies to encourage future-readiness in their business and workforce.
- The inevitable changes in Thyssenkrupp Steel's job cuts are tied to the company's goals of prioritizing business competitiveness and employee career development through vocational training and education-and-self-development programs.
