ThyssenKrupp Nirosta and its 4,500 employees
were almost the victims of the major restructuring organized by ThyssenKrupp
AG, the parent company (see
our dispatch No. 090491). The latter, which announced on October 1 that the
reorganization of its main branches was officially over, is achieving its
transformation and selling or trying to sell subsidiaries which are no longer
profitable or which don’t fit in the new scheme. TK, which already made cuts
(11,000 out of 188,500 employees) since the beginning of the year, recently sold to the Wisag German
group its industrial services branch (TK Industrieservice) and its 9,000
employees. TK Marine Services is withdrawing from shipyards (HDW, Blohm + Voss)
to focus on arming. Other subsidiaries, such as Xervon and Safway (USA) are for
sale and TK Nirosta should have been included. But, in the absence of a buyer,
TK decided to keep it and improve working time flexibility to make the
subsidiary more responsive and profitable.
it in the new scheme. TK, which already made cuts
(11,000 out of 188,500 employees) since the beginning of the year, recently sold to the Wisag German
group its industrial services branch (TK Industrieservice) and its 9,000
employees. TK Marine Services is withdrawing from shipyards (HDW, Blohm + Voss)
to focus on arming.
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