Thyssenkrupp has announced plans to reduce its workforce by 1,800 positions within its automotive technology division. This decision is part of a broader cost-cutting strategy aimed at saving over €150 million annually.
The move comes in response to persistently challenging market conditions, including declining production volumes and economic uncertainties. The company also plans to implement a temporary hiring freeze and scale back investments to adapt to reduced sales forecasts. Despite these challenges, Thyssenkrupp remains committed to the long-term viability of its automotive components business.
