Rheinmetall to cut hundreds of jobs in tanks unit

Newswire

DUESSELDORF, Aug 29 (Reuters) - Germany's Rheinmetall plans to cut more than five hundred jobs at its battle tanks unit, as it restructures to increase profits at its defence business, a trade union official told Reuters on Wednesday. Peter Seeger, IG Metall head in the northern city of Kiel, said more than 500 jobs at the production plants in Kiel and the central city of Kassel would be slashed. The battle tanks business, which has annual sales of nearly 340 ...

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