…ain’t.
Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup
DUESSELDORF, Nov 25 (Reuters) – Thyssenkrupp’s (TKAG.DE), opens new tab steel business plans to cut some 40% of its workforce over the coming years, it announced on Monday in the latest painful overhaul of a German industrial giant, with workers promising fierce resistance.Germany’s largest steelmaker, a division of Thyssenkrupp AG, is under pressure from cheaper Asian competitors, high power prices and a weakening global economy, leading to operating losses in four of the past five years.
Not to be making light of German suffering or anything, but one can’t help but wonder if the following might have anything to do with those high power prices I put in bold above.
The German government knew shutting down nuclear plants during the Ukraine war energy crisis was a bad idea but did it anyway, and the Green party minister may have been been deceived by his own people to make sure the closures went ahead, a magazine that sued the government to get internal documents released claims.
Germany ordered the closure of its final three nuclear power plants in 2022, the culmination of a years-long process to transition towards ‘renewables’, which ironically left the nation scrabbling for hydrocarbons like brown coal, gas, and LNG. This confirms long-held “suspicions” of government lies, the conservative opposition says.
Bold mine again, and dispositive, it would seem. But nah, must be a coinkydink or something, I suppose.
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Bosch, John Deere, Boeing and a few others. Gonna get interesting soon.
Did you know trump won all 8 swing states, is that like 81 million votes. I’m guessing after Jan 20
The Greens in Germany are the Watermelon Party – Green on the outside, Red (as in communist) on the inside…
I don’t care if the entire german economy goes under. No country deserves disaster more than the germans. Given damn near everything in life they have bought onto the communist manifesto and every bit of fake data spread by the power hungry. Fuck them.