Union Says Jindal Deal for Thyssenkrupp Steel Is Elusive
An IG Metall official said Friday that Jindal Steel has delayed answering questions on its Thyssenkrupp bid. This suggests a potential deal remains elusive.
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Negotiations regarding the acquisition of the steel division of thyssenkrupp AG by an industrial group from India appear to be stalling, according to statements from labor representatives in Germany. Juergen Kerner, a senior official at the IG Metall trade union, informed Reuters that Jindal Steel International has repeatedly failed to provide timely answers to questions posed by labor representatives. These inquiries specifically concern the Indian group's strategic plans for the steel unit.
