Duisburg: Thyssenkrupp plans to cut jobs in steel production
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Germany’s largest steel manufacturer Thyssenkrupp Steel wants to increase its production capacity Duisburg reduce significantly. This will “also involve a reduction in jobs that cannot yet be quantified,” said the steel division of the industrial group in Duisburg. This will also affect downstream processing stages as well as the administration and service areas.
Around 27,000 people work in the division, including 13,000 in Duisburg. An employment guarantee applies until the end of March 2026. “It is the declared goal to continue to avoid redundancies for operational reasons,” the company said. The planned measures are “absolutely necessary to maintain competitiveness Steel production at the Duisburg site into a secure future.” This would also secure high-quality jobs in the long term and make the basic supply of steel resilient for industrial value creation in Germany. “Far-reaching optimizations in the production network should significantly increase competitiveness and profitability.”
The core of the project is to reduce the installed production capacity to around 9 to 9.5 million tons per year. “Today’s production capacity, on the other hand, is designed for around 11.5 million tons.” The 11.5 million tons also include the amounts of steel produced by the Duisburg company HKM Thyssenkrupp Steel has a 50 percent stake.
Increasing competition from Asia
On the one hand, the plans are a response to the persistently weak economy, but above all to medium and long-term structural changes on the European steel market and in important customer and target markets. In Germany in particular, these included high energy costs that are continuing to rise due to climate policy objectives, as well as competition from increasing imports from Asia.
The plans are now being further fleshed out, said Thyssenkrupp Steel. The company then wants to advise them with co-determination and the responsible committees in the steel sector. The IG Metall union had repeatedly announced in recent weeks that to want to fight for every job and location.
For its part, the company announced that it would continue to convert production towards climate-neutral steel production. “The construction of the first direct reduction plant at the Duisburg site will continue to be implemented as planned, with support from the funding released by the federal and state governments.” The goal of producing completely climate-neutral production by 2045 at the latest also remains unrestricted.
Germany’s largest steel manufacturer Thyssenkrupp Steel wants to increase its production capacity Duisburg reduce significantly. This will “also involve a reduction in jobs that cannot yet be quantified,” said the steel division of the industrial group in Duisburg. This will also affect downstream processing stages as well as the administration and service areas.
Around 27,000 people work in the division, including 13,000 in Duisburg. An employment guarantee applies until the end of March 2026. “It is the declared goal to continue to avoid redundancies for operational reasons,” the company said. The planned measures are “absolutely necessary to maintain competitiveness Steel production at the Duisburg site into a secure future.” This would also secure high-quality jobs in the long term and make the basic supply of steel resilient for industrial value creation in Germany. “Far-reaching optimizations in the production network should significantly increase competitiveness and profitability.”
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