ThyssenKrupp stops business with Iran to support sanctions
German steelmaker and industrial conglomerate ThyssenKrupp AG said Thursday it has decided to stop all business relations with Iran in support of international sanctions against the country over its alleged nuclear weapons program.
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.