Thyssenkrupp, workers strike deal to pave way for Tata Steel merger

摘要

Workers last week struck a deal withGerman industrial companyThyssenkrupp to secure steelplants and jobs, a big step towardsa planned merger of the group'sEuropean steel business with thatof India's Tata Steel. The dealremoves a major obstacle to themerger, planned for next year, whichwill create Europe's second-largeststeel group after ArcelorMittal andcontinue Thyssenkrupp's efforts totransform itself into a moretechnology-focused company.