Thyssenkrupp CEO sees job cuts as part of overhaul: FAZ
Germany’s embattled industrial group Thyssenkrupp (TKAG.DE) expects job cuts as part of an overhaul of its operations, daily Frankfurter Allgemeine Zeitung (FAZ) reported, citing an interview with the top executive.
“Our employees... are fully aware that this (overhaul) cannot be accomplished without cutbacks,” interim chief executive Guido Kerkhoff said in an interview with the newspaper to be published on Friday.
“People know that we have to earn money. At corporate headquarters, we already saved more than 100 million euros ($115.55 million) in costs in the first nine months of our fiscal year, and without causing any noise. Getting by without any job cuts at all will certainly not be possible,” Kerkhoff was quoted as saying.
