TOPSHOT - A steelworker is seen at the blast furnace (Hochofen) Schwelgern at the steel works of Thyssenkrupp Steel Europe AG in Duisburg, western Germany, on December 10, 2024. German industrial giant Thyssenkrupp said at the end of November 2024 that it planned to cut around 5,000 jobs at its steel subsidiary by 2030 and outsource a further 6,000 as it looks to put the crisis-hit division on a stable footing. The cuts would fall on both "production and administration", while the further reduction of the payroll would happen through "outsourcing to external service providers or the sale of business activities", Thyssenkrupp said in a statement. Currently around 27,000 people are employed in the steel division, which has been battered by high production costs and fierce competition from Asian rivals. (Photo by Ina FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)