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Steelmaker ThyssenKrupp to slash 11,000 jobs in Germany

  • Thyssenkrupp Steel plans to cut 11,000 jobs by the end of this decade, which is about 40% of its workforce.
  • The company aims to eliminate around 5,000 roles by 2030 through production cuts and administrative streamlining.
  • Thyssenkrupp joins other major companies like Volkswagen in job cuts to reduce costs amid economic struggles.
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