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Company News, 2003-06-12, 02:00 AM

Setting an example: ThyssenKrupp creates 60 additional training places

Employees of ThyssenKrupp subsidiary Rasselstein Hoesch forego bonus payments to help create six further apprenticeship places

In view of the tight situation on the apprenticeship market, the Executive Board of ThyssenKrupp AG has pledged to create 60 additional apprenticeship places in the Group, adding significantly to the 1,405 new apprentices already planned at September 30, 2002. ThyssenKrupp is providing a total of 1.8 million euros to fund the additional apprenticeship places.

"Many young people are affected by unemployment at the present time. Often the reason for this is a lack of vocational training. Young people are our future. That`s why for many years it has been a particular concern of ours to increase young people`s opportunities on the labor market through high-quality apprenticeship training ," said Ralph Labonte, Member of the Executive Board and HR Director of ThyssenKrupp AG.

The 60 apprenticeship places will be created at ThyssenKrupp subsidiaries throughout Germany, but with the regional focus on the Ruhr and the new federal states (former East Germany). The apprenticeships will begin on September 1, 2003 and last between two and a half and three and a half years depending on chosen occupation.

ThyssenKrupp has always attached central importance to apprenticeship training. For years the Group has provided training beyond its own requirements. Altogether 4,843 young people (as of September 30, 2002) are learning one of over 70 occupations on offer at ThyssenKrupp, ranging from wholesale and export merchant to industrial mechanic to IT systems electronic technician. In Germany, ThyssenKrupp has some 50 apprentice workshops and 40 other training facilities. Since the merger of Thyssen and Krupp in 1999 a total of 3,728 young people have completed an apprenticeship with the Group (as of September 30, 2002). For many years the apprentice ratio in the Group has been steady at around five percent.

In addition, Rasselstein Hoesch GmbH, a subsidiary of ThyssenKrupp Steel AG, is to provide another ten apprenticeship places for industrial mechanics and mechatronic technicians. The funding of six of these additional places was made possible by staff at the company forgoing their bonuses. The apprenticeships last three and a half years and begin on August 25, 2003. A total of 214 young people (as of September 30, 2002) are learning one of ten occupations on offer at Rasselstein Hoesch, representing an apprentice ratio of over eight percent.

Thomas Schlenz, Chairman of the Group Works Council of ThyssenKrupp AG, welcomed the joint efforts of management and staff to increase the number of training places: "Thanks to the efforts of management and staff, another 66 apprenticeship seekers will be given training and prospects. This is a major prerequisite for job success and for the future of young people."

ThyssenKrupp is active in over 70 countries and holds top three positions in its three main business areas Steel, Capital Goods and Services. In fiscal 2001/2002 the Group achieved sales of over 36 billion euros. ThyssenKrupp employs 191,000 people worldwide.

Rasselstein Hoesch GmbH, based in Andernach, Rhineland-Palatinate, is Germany`s only tinplate producer and one of the three biggest tinplate producers in Europe. In fiscal 2001/2002 it generated sales of 762 million euros and employed around 2,300 people. Rasselstein Hoesch GmbH is a subsidiary of ThyssenKrupp Steel AG.


Dr. Jürgen Claassen
Corporate Communications and Central Bureau
Telephon +49 211 824-36002
Fax +49 211 824-36005

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