Germany's powerful IG Metall trade union called on Thursday for transparency from management at Thyssenkrupp during increasingly troubled times for the country's traditional heavy industry. "We know and see that the company is in a serious situation," IG Metall deputy head Jürgen Kerner said in Bochum in the heart of the industrial Ruhr Region. Kerner also sits on Thyssenkrupp's supervisory board as deputy chairman. "We continue to need cooperation between the shareholders, the executive and the
Heads of multinational companies have said that they will continue to invest in China as the Chinese government values foreign-invested enterprises highly.
china.org.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from china.org.cn Daily Mail and Mail on Sunday newspapers.
Foreign firms set to invest more chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
The state-backed Abu Dhabi company has stopped actively pursuing a deal due to concerns over pension liabilities and other complexities of the business, the people said. Emirates Steel was considered the most serious contender to buy a stake in the Thyssenkrupp unit.