Thyssenkrupp and Tata Steel to merge European steel operations

Thyssenkrupp and Tata Steel agreed to merge their European steel operations, creating Europe's No. 2 steelmaker with combined production capacity of 27 million tonnes and revenues of €15 billion. The deal will result in up to 4,000 job cuts.

“We want to avoid our steel team restructuring itself to death.”business-standard.com

• 1 source
• business-standard.comThyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmakerReutersSep 20, 2017

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