Thyssen disposals will effect 30,000 jobs -source

Newswire

FRANKFURT, May 19 (Reuters) - ThyssenKrupp AG's plan to dispose of businesses with combined sales of seven billion euros will take two to three years and effect around 30,000 jobs, a source close to the firm said on Monday. The German steel and engineering group said earlier it would sell the units in a bid to cut its high debt levels. The source said 33 business units, including its Novoferm industrial doors business, were on the disposals list. The world's biggest stainless steel ...

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