Swiss Steel Aid: A Shift Towards Government Intervention
6 days ago
In a significant move diverging from its traditionally hands-off approach, the Swiss government is considering providing financial assistance to struggling steelmaker Swiss Steel Holding AG. This development comes as the company grapples with a series of challenges, including fluctuating steel prices and heightened competition in both domestic and international markets.
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Thyssenkrupp's Bold Move: 11,000 Job Cuts Proposed Amid Steel Unit Struggles
26 days ago
In a significant development within the steel industry, Thyssenkrupp, the German industrial heavyweight, has made a staggering proposal to cut around 11,000 jobs from its struggling steel division. This decision comes as the company grapples with ongoing financial difficulties, intensified by fluctuating global market demands and rising production costs.
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