Thyssenkrupp steel head puts restructuring costs at several hundred million euros

Core Viewpoint - Thyssenkrupp's steel division is undergoing a restructuring deal that will result in the reduction or outsourcing of approximately 11,000 jobs, with an estimated cost in the three-digit million-euro range [1] Group 1 - The head of Thyssenkrupp's steel division, Marie Jaroni, provided insights into the restructuring plan [1] - The restructuring is aimed at improving operational efficiency within the steel division [1] - The financial implications of the job cuts are significant, with costs expected to reach hundreds of millions of euros [1]