German shipyard group to cut 800 jobs

The new German shipyard group ThyssenKrupp will cut about 800 jobs out of its 6,500-employee workforce, according to Deutsche Welle German radio. The cuts amount to one of every eight jobs in the consortium, which was formed when ThyssenKrupp Werften GmbH (TKW) bought Howaldtswerke-Deutsche Werft AG...

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