The company and the codetermination representatives agreed on a collective agreement on December 21, 2017. The members of the IG Metall union at the German sites approved this negotiation result by a clear majority. The collective agreement will come into force at the start of the joint venture and remain valid until September 30, 2026. It includes the following points:
• Site safeguards until at least 2026 - profitability analyses will be carried out for individual operations at the end of 2020.
• Employment safeguards until 2026. The announced reduction of up to 2,000 jobs at Steel Europe will be made in a socially responsible way.
• Investment at the sites will remain at the current level: the target is for at least 400 million euros per year.
• Existing codetermination structures will be retained (incl. coal and steel codetermination at thyssenkrupp Steel Europe AG). Decisions relating to the German sites will continue to require the approval of the German bodies.
• Existing apprentice and further training capacities will be retained.