Tata Steel and Thyssenkrupp agree steel activities partnership
(World News UK)

German steelmaker Thyssenkrupp has signed an agreement with India`s Tata Steel to combine their European production activities in a 50-50 joint venture. The tie-up will give both companies a “lasting future”, according to Thyssenkrupp, although it will involve the loss of around 4,000 jobs to be shared between the two businesses. Half of these will be from administrative roles and half from production. Almost 7,000...