Thyssenkrupp to cut 3,000 jobs at struggling steel unit
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FRANKFURT/DUESSELDORF, Germany (Reuters) - German conglomerate Thyssenkrupp will cut 3,000 jobs and invest 4.2 billion euros (3.8 billion pounds) at its struggling steel division by 2026 as part of a wage deal struck with powerful labour union IG Metall, it said on Wednesday.The measures, which follow a landmark deal to sell the group's prized elevator division, are aimed at making Thyssenkrupp's steel production business competitive once more against rivals including ArcelorMittal and..