Germany's Thyssenkrupp warns of 'deindustrialisation' threat

Kitco Media
By Reuters
Published:
Updated:
Reuters
FRANKFURT, Jan 30 (Reuters) - German conglomerate Thyssenkrupp on Monday joined peers in saying that European industry was under threat should the continent fail to come up with a scheme similar to the U.S. climate package, dubbed the IRA, to boost local companies. "The common task of policymakers, business and society must ... be to ensure that the green transformation succeeds without deindustrialization," Chief Executive Martina Merz said in a prepared speech published ahead of the group's annual general meeting. "That is particularly the case for Germany with its strong industrial base." (Reporting by Christoph Steitz, Editing by Miranda Murray)

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