ThyssenKrupp still looking to merge with Tata Steel Netherlands
German steel company ThyssenKrupp still wants to merge with Tata Steel Netherlands, the Dutch division of Tata Steel, the Dutch daily Het Financieele Dagblad reported, citing an interview with ThyssenKrupp CEO Heinrich Hiesinger in the German newspaper Frankfurter Allgemeine Zeitung.
Hiesinger told Frankfurter Allgemeine Zeitung that he sees the necessity for a merger, but added it needs to happen in a responsible way and that it should not be rushed, because he wants a good solution for ThyssenKrupp.
Tata Steel Netherlands has 9,000 employees. Tata Steel and ThyssenKrupp have been talking about a merger for a long time, which has caused unrest among people employed in Germany and The Netherlands, the article noted, without details.
The employees of Tata Steel Netherlands fear they will lose their jobs with a merger, it added.