ThyssenKrupp to cut more than 3,000 jobs:
German industrial conglomerate ThyssenKrupp plans to cut more than 3,000 jobs or about 1.5 per cent of its total staff amid a slump in demand, the Financial Times reported on Friday.
ThyssenKrupp has announced that it will reduce working hours in its steel division, in a move which could affect up to 20,000 employees.