Logo


UK unions wait for Tata Steel reasoning on Thyssenkrupp merger

In early July, the company announced cancellation of sale of its UK business and initiated talks with the German company for a possible joint venture

Tata steelworks Port Talbot, Wales
Tata steelworks Port Talbot, Wales

AmeetingwithTataSteelofficialsinBritainwasadjournedonWednesdayaftercompanyofficialsfailedtoprovidethereasoningforitconsideringamergerwithGermany-basedThyssenkruppAG,tradeunionsourcestoldthisnewspaper. InearlyJuly,thecompanyannouncedcancellationofsaleofitsUKbusinessandinitiatedtalkswiththeGermancompanyforapossiblejointventureforitsentireEuropebusiness,includingtheUKoperations.“ThemeetingisnowpostponedtonextWednesday,wherewehopetogetmoredetailsandinformationregardingthetalkswith ...