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Thyssenkrupp's automotive business to eliminate 800 jobs

Sep. 29, 2020 7:08 AM ETthyssenkrupp AG (TYEKF) StockTYEKF, TKAMYBy: Niloofer Shaikh, SA News Editor
  • As the car market remained extremely challenging, Thyssenkrupp (OTCPK:TYEKF) intends to cut 800 jobs at its automotive system engineering activities.
  • “We don’t expect output figures in the auto industry to return to pre-crisis levels for at least two to three years,” Ingo Steinkrueger, head of Thyssenkrupp System Engineering, said in a statement.
  • Source

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