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Economy

Thyssenkrupp promises no major job cuts as workers agree to split

Updated : September 28, 2018 04:45 PM IST

Guido Kerkhoff, installed as interim chief executive after the abrupt departure of long-serving Heinrich Hiesinger in July, announced the split on Thursday after years of intensifying pressure from shareholders led by activist Cevian.
It was a coup for the former finance chief who was initially seen as a stopgap, but who got Cevian, trade union IG Metall and the company's biggest shareholder to back the plan.
Thyssenkrupp promises no major job cuts as workers agree to split
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