Thyssenkrupp's Steel Boss in Exit Talks
May 27 2019 - 1:21PM
Dow Jones News
By Cristina Roca
Thyssenkrupp AG (TKA.XE) said Monday that talks are being held
to end the contract of Andreas J. Goss, who heads its steel
division.
The German company said that, following its failed plan to merge
its steel business with that of Tata Steel Ltd. (500470.BY), "the
task now is to make Thyssenkrupp Steel Europe fit for the
future."
"Talks are currently underway with Mr. Goss to terminate his
contract. These talks are not over yet. Results are subject to the
approval of the responsible committees," Thyssenkrupp said.
Thyssenkrupp, which makes steel, elevators and auto components,
said earlier this month that it expected the European Commission to
block its proposed merger with Tata Steel, and dropped plans to
split itself into two separate companies. Its new plan involves
spinning off and listing its elevator unit, it said earlier this
month.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
May 27, 2019 13:06 ET (17:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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