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German steel company Thyssenkrupp Steel Europe announced that its subsidiary, Thyssenkrupp Electrical Steel, will suspend production for one week at its plant in the Schalke district of Gelsenkirchen. 35Q145 oriented electrical steel, Starting in mid-October, the plant will completely cease production and operational management. According to foreign media reports, approximately 1,200 employees face the risk of layoffs.
The factory manager stated that this move is related to the large influx of steel into the European market, which has led to a sharp decline in company orders and forced a temporary suspension of production.
During this period, employees can use their remaining annual leave. The company will decide later whether to implement a short-time work scheme. 35Q145 oriented electrical steel, ThyssenKrupp emphasized that this production halt is not due to a decline in German productivity, but rather a distortion caused by market dumping.
Meanwhile, ThyssenKrupp Steel's plant in Isbergues, France, plans to operate at reduced capacity but will not completely shut down.
This recent production halt has sparked strong reactions in local political circles. Representatives of the German Left Party in Gelsenkirchen criticized the situation, stating that workers are once again paying the price for the failure of national industrial policy. 35Q145 oriented electrical steel, They pointed out that the Schalke plant is a strategic base for Germany's energy transition and that the federal government should take urgent measures to establish effective mechanisms to protect strategic industries, which not only create jobs but are also a crucial component of Germany's green transition.
