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ThyssenKrupp to cut 3,000 jobs
Aggregated Source: Shanghai Daily: Business

The headquarters of Germany's industrial conglomerate ThyssenKrupp AG are seen in Essen. ThyssenKrupp will cut 3,000 of its 15,000 office jobs over the next three years to streamline the company's administration. The company yesterday said it lost 656 million euros (US$852 million) in the most recent quarter, widening losses from 587 million euros a year earlier.

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Copyright Shanghai Daily: Business