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11,000 jobs on the line as another German company stumbles
Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action to prop up its fortunes.
Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany
The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe to cut its work force.
Germany's Thyssenkrupp To Cut 11,000 Jobs In Steel Division
German industrial giant Thyssenkrupp said Monday that it planned to cut around 5,000 jobs in its steel subsidiary by 2030 and outsource a further 6,000 as it looks to put the crisis-hit division on a stable footing.
German steel giant ThyssenKrupp to slash 11,000 jobs
Germany's largest steelmaker ThyssenKrupp has announced a plan to cut its current workforce by more than a third by the end of the decade.
2h
on MSN
Rocket Lab’s stock climbs after company completes two launches in less than 24 hours
The company said that the launches set a new Rocket Lab record for the fastest launch turnaround. At 10:55 p.m. Eastern, ...
57m
on MSN
Company news: Megan K. Thomas founds law firm to help women, minorities
She was the first female general counsel for the Onondaga County Water Authority.
STAT
18h
Trump’s pick to run FDA is top exec of company that provides compounded weight-loss drugs
Martin Makary, President-elect Trump’s pick for running the Food and Drug Administration, is an executive of the telehealth ...
WLKY
2h
Software company providing services to US and UK grocery stores says it was hit by ransomware attack
A major software supply-chain
company
, which counts U.S. and U.K. grocery stores and Fortune 500 firms as clients, said it ...
1d
on MSN
Microsoft CEO Satya Nadella says the company needs a 'culture change' after security failures
After a series of cybersecurity challenges this year, Microsoft CEO Satya Nadella says the company needs a culture change.
E&E
5h
EU battery hopes in tatters as Northvolt CEO resigns, company files for bankruptcy
In a huge blow to Europe’s plan to set up its own battery industry to power electric cars, Peter Carlsson resigned as CEO of ...
4d
on MSN
Nvidia is Wall Street’s most valuable company. How it got there, by the numbers
Nvidia has once again turned out quarterly results that exceeded Wall Street’s forecasts. The company has seen soaring demand ...
GameSpot
48m
FIFA Reveals Next Game, And It's From Blockchain Company
FIFA Rivals will allow players to compete in head-to-head matchups with arcade-style gameplay. The game will be free-to-play, ...
WJW-TV Cleveland on MSN
3h
Baker Mayfield sues father’s company for $12 million
An ongoing dispute between Tampa Bay Buccaneers quarterback Baker Mayfield and his family in Austin has boiled over into a ...
1h
NFRA recommends company audit standards be made applicable to LLPs
Experts noted that while specific standards on auditing exist for companies, such standards are yet to be notified for LLPs ...
1h
Microsoft Outage: Outlook And Teams Restoration Time Unclear As Company Deploys Fix
Microsoft said it’s working to fix a Monday morning email and calendar outage but has not said exactly when service will be ...
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