FRANKFURT, Oct 31 (Reuters) - Germany's biggest steelmaker ThyssenKrupp plans to cut 10,000 jobs in Germany in its current fiscal year, weekly Der Spiegel said on Saturday, citing company sources.
It said the job cuts were part of a major savings programme that would entail reductions of some 20,000 jobs worldwide.
A spokesman for the company said the figures are not new because ThyssenKrupp has already announced the sale of its unit Industrieservice as well as the restructuring of its two local shipyards.
He said Industrieservice has around 9,000 workers mostly in Germany while the two shipyards would affect some 3,500 workers.
The talks to sell its U.S. unit Safway continued, he said, adding it has around 5,000 workers.
ThyssenKrupp CEO Ekkehard Schulz told a German newspaper on Oct 17 that the company would shed as many as 20,000 more jobs in its current fiscal year as it cuts costs amid what could be a long economic slump.
In Thyssen's previous business year which ended on Sept 30, 2009, the company had approved plans for more than 1 billion euros in cost cuts, partly by revamping its structure to reduce its five divisions into two and cut 2,000 jobs at its steel division.
In January-September this year, it had cut around 12,000 jobs. Keywords: THYSSENKRUPP/JOBS (Reporting by Marilyn Gerlach; Reuters Messaging: marilyn.gerlach.reuters.com@reuters.net; 00 49 69 7565 1279) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
It said the job cuts were part of a major savings programme that would entail reductions of some 20,000 jobs worldwide.
A spokesman for the company said the figures are not new because ThyssenKrupp has already announced the sale of its unit Industrieservice as well as the restructuring of its two local shipyards.
He said Industrieservice has around 9,000 workers mostly in Germany while the two shipyards would affect some 3,500 workers.
The talks to sell its U.S. unit Safway continued, he said, adding it has around 5,000 workers.
ThyssenKrupp CEO Ekkehard Schulz told a German newspaper on Oct 17 that the company would shed as many as 20,000 more jobs in its current fiscal year as it cuts costs amid what could be a long economic slump.
In Thyssen's previous business year which ended on Sept 30, 2009, the company had approved plans for more than 1 billion euros in cost cuts, partly by revamping its structure to reduce its five divisions into two and cut 2,000 jobs at its steel division.
In January-September this year, it had cut around 12,000 jobs. Keywords: THYSSENKRUPP/JOBS (Reporting by Marilyn Gerlach; Reuters Messaging: marilyn.gerlach.reuters.com@reuters.net; 00 49 69 7565 1279) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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