AGL 39.60 Decreased By ▼ -0.40 (-1%)
AIRLINK 129.10 Increased By ▲ 0.04 (0.03%)
BOP 6.84 Increased By ▲ 0.09 (1.33%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.51 Decreased By ▼ -0.04 (-0.47%)
DFML 41.06 Increased By ▲ 0.24 (0.59%)
DGKC 81.50 Increased By ▲ 0.54 (0.67%)
FCCL 32.88 Increased By ▲ 0.11 (0.34%)
FFBL 74.20 Decreased By ▼ -0.23 (-0.31%)
FFL 11.97 Increased By ▲ 0.23 (1.96%)
HUBC 109.60 Increased By ▲ 0.02 (0.02%)
HUMNL 14.30 Increased By ▲ 0.55 (4%)
KEL 5.26 Decreased By ▼ -0.05 (-0.94%)
KOSM 7.65 Decreased By ▼ -0.07 (-0.91%)
MLCF 38.50 Decreased By ▼ -0.10 (-0.26%)
NBP 65.22 Increased By ▲ 1.71 (2.69%)
OGDC 193.29 Decreased By ▼ -1.40 (-0.72%)
PAEL 25.76 Increased By ▲ 0.05 (0.19%)
PIBTL 7.38 Decreased By ▼ -0.01 (-0.14%)
PPL 154.19 Decreased By ▼ -1.26 (-0.81%)
PRL 25.50 Decreased By ▼ -0.29 (-1.12%)
PTC 17.43 Decreased By ▼ -0.07 (-0.4%)
SEARL 80.00 Increased By ▲ 1.35 (1.72%)
TELE 7.71 Decreased By ▼ -0.15 (-1.91%)
TOMCL 33.75 Increased By ▲ 0.02 (0.06%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.26 Decreased By ▼ -0.01 (-0.06%)
TRG 57.61 Decreased By ▼ -0.61 (-1.05%)
UNITY 27.68 Increased By ▲ 0.19 (0.69%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 10,599 Increased By 154.1 (1.48%)
BR30 31,193 Increased By 3.8 (0.01%)
KSE100 98,956 Increased By 1158 (1.18%)
KSE30 30,942 Increased By 461.2 (1.51%)

Steelworkers at German industrial giant ThyssenKrupp have won guarantees that their jobs are secure until 2026, bringing the group a step closer to its planned merger with India's Tata Steel. ThyssenKrupp said late Thursday it had clinched a deal with Germany's powerful IG Metall union pledging there would be no job losses or major site closures until September 2026.
"The outcome achieved today represents a key prerequisite for meeting our strategic objectives and at the same time satisfying the interests of our employees," ThyssenKrupp CEO Heinrich Hiesinger said in a statement. The agreement, which still needs to be approved by union members, clears a major hurdle for the conglomerate as it seeks to combine its steel operations with Tata to create Europe's second biggest steelmaker after ArcelorMittal. ThyssenKrupp and Tata say the tie-up is necessary to combat chronic overcapacity in an industry roiled by a flood of subsidised Chinese steel.

Comments

Comments are closed.