ThyssenKrupp Nirosta to cut working hours at German stainless flats plant on scant demand

ThyssenKrupp Nirosta is to impose short-time working at its stainless steel flat products facility at Bochum, Germany, from September, ThyssenKrupp said on Thursday August 30.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The move will affect 456 employees at the plant, but other Nirosta facilities will not be affected, the company said.

Until now, the stainless flat steel production business has responded to lower operating levels with flexible working, holidays and different shifts.

“As things stand at present, ThyssenKrupp Nirosta expects short-time working to be used only as a short-term measure,” the group said.

On July 26, ThyssenKrupp announced it woulld reduce the working hours of some German employees in the cold rolling and coating areas and parts of the hot rolled processing operations.

ThyssenKrupp Nirosta produced “more than a million metric tonnes” in 2011, according to the company website.

What to read next
Chromite prices rose further in the two weeks to Tuesday May 31 on support from cost pressures and logistical issues in South Africa
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
The European charge and high-carbon ferro-chrome benchmark for the third quarter of 2022 has slumped by 16.7% from the previous quarter’s settlement to $1.80 per lb
Executives at major flat-rolled steel producers in the United States discussed three common themes during their companies’ earnings calls for the second quarter of 2022, sharing views on a potential recession, affects from recent government policy changes and trends in steel raw materials
Following a consultation period and market feedback, Fastmarkets will switch its Houston ferrous scrap price series to a consumer buying assessment on January 1, 2023, from its current methodology as a dealer selling assessment.
Austrian aluminium producer AMAG and German automotive manufacturer Audi have developed a recycled aluminium material for vehicle wheels to be put into series production, it was announced on Wednesday, August 3.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed