HCM & HRIS

Salzgitter to acquire HKM, cut around 2,000 jobs

July 25, 2026
www.ETHRWorld.com
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Salzgitter said HKM's supply contract with thyssenkrupp Steel will expire at the end of 2028 />Salzgitter said on Thursday it will wholly acquire joint venture HKM from co-owners thyssenkrupp ‌Steel ⁠and ⁠Vallourec and intends to cut around 2,000 jobs as part of a restructuring.<br><br>The German company plans to reduce HKM’s workforce to roughly 1,000 positions from around ⁠3,000 by ‌the end of 2028, while also cutting crude ⁠steel production to two million metric tonnes per year.<br><br><!– PROMOSLOT_M –>” been=”” captionrendered=”1″ company=”” complete=”” cuts=”” data-src=”https://etimg.etb2bimg.com/photo/132296760.cms” have=”” height=”442″ its=”” job=”” loading=”eager” not=”” on=”” own=”” painful=”” said=”” salzgitter=”” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” statement.=”” the=”” these=”” to=”” width=”590″ without=”” would=””></img></p> <p>Chief human resources officer Birgit Dietze added that the job ⁠cuts are “a difficult but necessary step”.</p> <p>Salzgitter said HKM’s supply contract with <a href=thyssenkrupp Steel will expire at the end of 2028, rather than in 2032 as previously planned. (Reporting by Danny Callaghan; Editing by Matt Scuffham)

  • Published On Jul 10, 2026 at 12:09 AM IST

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