Thyssenkrupp on Wednesday said it planned to cut 640 jobs at its struggling System Engineering unit, which it put under review earlier this year. System Engineering, which makes assembly lines for the car, aerospace and battery industries, was one of three underperforming divisions the group has said needed major restructuring. “Overall we believe in the future of our automotive engineering business,” Karsten Kroos, head of Thyssenkrupp’s automotive supply business, said. …read more
Source:: Yahoo Finance
