I’ll tell you what you want to hear — how the unions of Germany’s ThyssenKrupp took the bait from good ol’ Tschechische Křetínský

Křetínský will not lay off at ThyssenKrupp. The company promises cheaper electricity

Czech billionaire Daniel Křetínský has agreed not to make any redundancies as a result of the planned entry of his investment group EP Corporate Group into the steel division of German conglomerate ThyssenKrupp. The Westdeutsche Allgemeine Zeitung reported this today, citing supervisory board members Sigmar Gabriel and Detlef Wetzel. ThyssenKrupp Steel Europe employs 27,000 people.

Source https://forbes.cz/kretinsky-v-thyssenkrupp-propoustet-nebude-spolecnost-si-od-nej-slibuje-levnejsi-elektrinu/

5 months later

Křetínský goes to battle with the unions. There will be layoffs at ThyssenKrupp. And not a few

The steel division of the German industrial group Thyssenkrupp intends to reduce the number of employees to around 16,000 in the next six years from around 27,000 at present. The company said today it plans to cut 5,000 jobs by 2030, according to the DPA news agency. A further 6,000 employees are to be cut as a result of the sale of parts of the business and the transfer of activities to external service providers.

Sources https://newstream.cz/kretinsky-jde-do-boje-s-odbory-v-thyssenkruppu-se-bude-propoustet-a-ne-malo