Thyssenkrupp is putting more than 1,300 of its employees in the liquid steel industry on part-time work. This is stated in the message of the German concern on Friday.
Spending cuts have become necessary as Russia conducts a special military operation in Ukraine, the consequences of which have affected the European automotive sector and commodity prices.
Last month, Thyssenkrupp suspended its cash flow forecast and said it would announce cuts in steelworkers' working hours in April due to the impact of the war on the economy, although it did not specify how many employees would be affected.
