Thyssenkrupp promises no compulsory redundancies 


Following its announcement that it planned to cut 4,000 jobs in Germany, the steelmaker Thyssenkrupp has guaranteed that there will be no compulsory redundancies before the end of the year. But the IG Metall union wants that guarantee to be made permanent. 


The job cuts were announced after Thyssenkrupp abandoned its plans to merge with Tata Steel, which has steel works in the UK and the Netherlands. 


Jörg Hofmann, head of IG Metall, who drew attention to the 28% increase in the company’s share price after job cuts were announced, said that the union would not allow “the answer to structural problems to be simply a cut in jobs”.