Thyssenkrupp : elevator boss says German sites need to be optimized

The German factories operated by Thyssenkrupp's elevator division need to be optimized, the unit's chief executive said, adding talks with labor representatives have already started.

Peter Walker, speaking during a capital markets day, said there was significant savings potential at the unit's site in Hamburg and that the factory in Neuhausen was not cost efficient enough.

Along with a factory in Middleton, United States, the two German sites are what Thyssenkrupp has labeled "focus cases" in presentation slides.

(Reporting by Christoph Steitz; Editing by Tassilo Hummel)