Business Thyssenkrupp to cut 800 jobs at automotive business

Business Thyssenkrupp to cut 800 jobs at automotive business

Business

By Reuters Staff

1 Min Read

FRANKFURT, Sept 29 (Reuters) – Thyssenkrupp on Tuesday said it would slash 800 jobs at its automotive system engineering activities, warning that the car market remained extremely challenging.

“We don’t expect output figures in the auto industry to return to pre-crisis levels for at least two to three years,” Ingo Steinkrueger, head of Thyssenkrupp System Engineering, said in a statement. (Reporting by Christoph Steitz; editing by Thomas Seythal)

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