Thyssenkrupp to reduce steel production, cut or outsource 11,000 jobs

Core Viewpoint - Thyssenkrupp, a German steel producer, announced plans to cut or outsource approximately 11,000 jobs and reduce its steel production capacity to a shipping level of 8.7 to 9 million metric tonnes [1] Company Summary - The company is implementing significant workforce reductions, affecting around 11,000 positions [1] - Thyssenkrupp is adjusting its steel production capacity, targeting a range of 8.7 to 9 million metric tonnes [1]