Thyssenkrupp axing 500 jobs in Germany | Automotive Industry News

Thyssenkrupp has introduced an considerable restructuring program for German factories developing springs and stabilisers at a charge of about five hundred careers.

Generation of stabilisers at Olpe will quit by the finish of 2021.

The Hagen site will be “realigned” and transformed to a “centre of excellence” for the progress and manufacture of springs and stabilisers.

Around 490 careers will be “impacted” at the two sites, about 330 of all those at Olpe.

“In the coming weeks agreements are to be achieved with the personnel associates on a reconciliation of passions and a social program for the two sites,” Thyssenkrupp

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