Germany: ThyssenKrupp workers rally in Bochum against Tata Steel merger plans

Thousands of ThyssenKrupp workers marched through the streets of Bochum, Friday, to demonstrate against the company's planned merger with India's Tata Steel, which they claim would lead to drastic job cuts. Left Party member Sevim Dagdelen argued that the merger with Tata Steel would lead to «thousands of jobs being cut, thousands would be dismissed.» She went on to say that the protesters «are... Еще standing in solidarity» with the steelworkers, calling on the company's administration to withdraw the merger plans in order to secure jobs. Earlier in the week, Germany's Thyssenkrupp and India's Tata Steel made a preliminary agreement to merge their European steel operations in a 50-50 joint venture, Thyssenkrupp Tata Steel, in a bid to create Europe's largest steelmaker after ArcelorMittal, with revenues reaching some €15 billion ($18 billion) and combined production capacity of 27 million tonnes. The merger is believed to lead to up to 4,000 job cuts, which constitutes some eight percent of the joint workforce.

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