ThyssenKrupp eyes 500 job cuts at auto division

Newswire

DUESSELDORF, Germany, Jan 20 (Reuters) - German industrial group ThyssenKrupp may cut around 500 jobs as a result of merging its Drauz and Nothelfer auto supply businesses, the company said on Thursday. Confirming a newspaper report, a company spokesman said a study had concluded the job cuts were possible but that management would not make a final decision until the merger was completed later this year. Nothelfer GmbH employs 2,400 staff and Drauz GmbH has 1,100. The group's overall ...

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