Thyssenkrupp, Tata Steel near decision on steel JV board: Sources


Thyssenkrupp, Tata Steel near decision on steel JV board: Sources

Germany’s Thyssenkrupp and India’s Tata Steel are close to deciding who will lead their planned European steel joint venture, four people familiar with the matter said on December 7.

Settling on the venture’s leadership has been delayed by a strategy crisis and change of CEO at the German industrial conglomerate, which has said it would split into two companies.

The holdup has riled the Thyssenkrupp workforce. A labour leader on December 5 said there would be “trouble” if the matter was not resolved soon.

Andreas Goss, head of Thyssenkrupp’s steel unit, is the front runner to become chief executive of the combined entity Read More

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