# 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.

- Type: Acquisition
- Announced: 2017-09-20
- Where: Amsterdam, Netherlands
- Jobs: -4,000
- Status: announced
- Capacity: 27 million tonnes per year
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md) (partner)
- [Tata Steel](https://endata.com/companies/3546.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/article/reuters/thyssenkrupp-tata-steel-agree-to-forge-europe-s-no-2-steelmaker-117092000392_1.html), 2017-09-20: "We want to avoid our steel team restructuring itself to death."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.