Tata Steel-Thyssenkrupp mereger, workers protest

Tata Steel's Netherlands has announced merger with Thyssenkrupp which has raised concern of loosing jobs among workers, This Merger Tata Steel-Thyssenkrupp with a 50-50 partnership will cost around 4000 jobs. Many steel workers came out for protest against the merger.

Hans Fischer, CEO of Tata Steel’s European operations has assured that the company will follow due diligence in consultation with all relevant stakeholders as Tata Steel progresses in the transaction.

“We have now entered a period of due diligence with Thyssenkrupp following the signing of the MoU,” he said.

“These discussions are a priority for us as we seek their support for the joint venture. Tata Steel will follow due process in consultation with all relevant stakeholders as we progress in the transaction,” the CEO said.