GERMANY SAID, THYSSENKRUPP STATE BAILOUT IS NOT THE RIGHT STEP

Highlights:

• The authorities of Germany said that, the Thyssenkrupp state bailout is not the right step for gaining money
• The Thyssenkrupp Steel, Europe has been affected by the high costs of raw materials and weak demand from the cheap Chinese imports...

Tata Steel plans to cut 3,000 jobs across Europe operations

For its European business, Tata Steel plans to lay off 3000 jobs. Tata Steel is India’s largest steel company. The step has come as a part of their restructuring and transformation programme wherein it attempts to ensure that it thrives in a severe market. Two third of these 3000 jobs are e...