- The Social Democratic Party (SPD) proposes establishing a specialized team for the steel sector.
The West German SPD has suggested to the ruling coalition in North Rhine-Westphalia the establishment of a cross-party "Steel Task Force in NRW." This proposed team would, in part, examine the possibility of governmental intervention in Thyssenkrupp's steel division. This is indicated in a resolution regarding Thyssenkrupp Steel's present situation, which the state executive approved on Friday night in Düsseldorf.
The impetus for this move stems from the ongoing discussion about Thyssenkrupp's steel industry, Germany's largest, employing roughly 27,000 people, with the majority of those jobs located in North Rhine-Westphalia. Following months of disagreements with the company's leadership, several directors and supervisory board members of the steel subsidiary resigned on Thursday.
SPD state chairwoman Sarah Philipp commented, "The SPD is standing side by side with Thyssenkrupp employees, fighting for the future of their jobs, the company, and the industrial sector in North Rhine-Westphalia. Today, Thyssenkrupp's future has never seemed more uncertain."
After securing a two-billion-euro investment pledge from both federal and state governments for the development of a plant for more environmentally friendly steel production, they failed to obtain a greater say in the management's decision-making, such as a seat on the supervisory board. "This would have been fully warranted and undoubtedly necessary given the amount of funding," the resolution states.
The SPD, as part of the ruling coalition in North Rhine-Westphalia, has proposed the establishment of a cross-party "Steel Task Force in NRW" to examine governmental intervention in Thyssenkrupp's steel division. The SPD state chairwoman, Sarah Philipp, expressed her support for Thyssenkrupp employees and the industrial sector in North Rhine-Westphalia, stating that their future has never seemed more uncertain.
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