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Thyssenkrupp Supervisory Board Member Says Talks with Jindal Steel Appear Stalled

Provided by Dow Jones

By Aimee Look 




  Talks between Thyssenkrupp and Jindal Steel for the sale of the German company's steel unit seem to be stalled, according to Juergen Kerner, a member of  Thyssenkrupp's supervisory board. 



  Employee representatives presented Jindal Steel with a list of questions related to the process, but the answers have been repeatedly postponed, said Kerner, who is also deputy chairman at German union IG Metall. 



  "Employees are right to expect a quick resolution on the future of Thyssenkrupp Steel, and by extension their jobs," Kerner said. 



  India's Jindal Steel announced a non-binding offer for Thyssenkrupp's Steel Europe business in September. 



  Thyssenkrupp said in a statement that talks with Jindal Steel continue and all relevant parameters are being addressed directly, including valuation, obligations, and future investments. Jindal Steel didn't immediately respond to a request for comment. 



  Thyssenkrupp has its sights set on simplifying the business and bolstering competitiveness. It announced a cost-cutting plan in 2025 that included thousands of job and salary cuts for steel workers. 





  Write to Aimee Look at aimee.look@wsj.com 





  (END) Dow Jones Newswires



  March 20, 2026 09:11 ET (13:11 GMT)


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