thyssenkrupp with IG Metall to implement steel strategy

thyssenkrupp and IG Metall agreed firstly on an immediate “Corona crisis packageâ€? to deal with the pandemic and secondly on the conclusion of a collective agreement. The company regulations necessary for implementation, the reconciliation of interests and the social plan were also agreed. The framework conditions for the implementation of the 20-30 steel strategy are thus in place. 
The collective agreement will enter into force on April 01, 2020, and run for 6 years until March 31, 2026. This includes the implementation of a new, significantly leaner functional concept in administration. The first investments in new facilities are also to be initiated this year.
At present, the corona pandemic is leading to a sharp decline in customer call-offs and a deterioration in the order situation. Against this background thyssenkrupp and IG Metall have also agreed on an immediate “Corona crisis packageâ€?. The immediate package also includes the requirement for thyssenkrupp Steel Europe’s operations to increase short-time work compensation to 80% in the event of short-time working. In addition, it is agreed that a collectively agreed special payment will be converted into days off.
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