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Business

Steelmakers to slash jobs

Published: 13 Feb 2013 - 05:03 am | Last Updated: 04 Feb 2022 - 03:34 pm

The sky over the iron and steel works of HKM in Duisburg, Germany, turning orange during a tapping of a furnace, yesterday. German ThyssenKrupp company, that owns 50 percent of HKM, is to slash at least 2,000 of some 27,600 jobs at its European steelmaking division and may sell some units.