Following the Supervisory Board Meeting of thyssenkrupp AG on September, 23rd 2017, Prof. Dr. Ulrich Lehner, Chairman of the Supervisory Board of thyssenkrupp AG and Markus Grolms, Deputy Chairman of the Supervisory Board of thyssenkrupp AG and Representative of German Metal Workers’ union IG Metall declare:
“Today, the Executive Board has informed the Supervisory Board about the content of the Memorandum of Understanding signed by thyssenkrupp and Tata Steel with the intent to jointly found a Joint Venture of the companies’ European steel activities. The Supervisory Board has taken note of the information and thoroughly deliberated on the matter.
We have agreed to establish a joint working group. This working group will consist of Members of the Executive Board of thyssenkrupp AG, the Executive Board of thyssenkrupp Steel Europe AG, Representatives of thyssenkrupp AG’s works councils and the works councils of the steel sites.”
The joint working group will be headed by Markus Grolms, Deputy Chairman of the Supervisory Board of thyssenkrupp AG and by Oliver Burkhard, member of the Executive Board of thyssenkrupp AG and CHRO of the group.