DUESSELDORF, Germany (Reuters) - Thyssenkrupp (DE:TKAG) could cut about 4,000 of the 27,000 jobs at its European steel unit in a coming restructuring of the business, a representative of trade union IG Metall told Reuters on Tuesday.
The German industrial group had said on Friday it planned to cut costs by 500 million euros (426.15 million pounds) at its steel unit, which it is seeking to merge with Tata Steel's (NS:TISC) European operations to curb overcapacity.
A spokesman for Thyssenkrupp reiterated on Tuesday it was not yet decided how many jobs would be cut.