Thyssenkrupp reduces working hours for 1,300 steelworkers

Thyssenkrupp, the German steelmaker, has forced its 1,300 steelworkers to work reduced hours, saying the decision was made in response to the impact of the Russian-Ukrainian war on the auto industry, raw material prices and the economy.

However, the number of employees who will be affected by this decision is not reported.

The company stopped its cash flow forecast last month.