BERLIN: German heavy industry giant ThyssenKrupp on Thursday defended its disputed merger with India’s Tata Steel, saying its restructuring plan and the tie-up would help to secure tens of thousands of jobs.

The tie-up, announced end-September to form Europe’s second biggest steel works after ArcelorMittal, has sparked fears for 4,000 jobs in production and administration that hang in the balance.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details