"We still believe that an entry by Jindal Steel can work in the interests of employees at Thyssenkrupp Steel," Jürgen Kerner, Second Chairman of IG Metall, told the "Rheinische Post." "But now, words must be followed by actions," he added. "Jindal must now specify and credibly pursue the non-binding commitments made at the outset, particularly regarding investments at the Duisburg site." For this, a transparent financing plan is needed.
At the beginning of December, Thyssenkrupp CEO Miguel Lopez said that talks with the Indian group about a takeover of the steel business were progressing well. Jindal is currently reviewing the books. He could not say how long the talks with Jindal would last. "Jindal is an ideal fit," emphasized the manager. When asked about alternatives, he replied: "We always have a Plan B."
(Report by Olaf Brenner; Edited by Scot W. Stevenson; For questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets)
