Thyssenkrupp works council says steel leadership crisis puts sale at risk [Yahoo! Finance]
THYSSENKRUPP AG S/ADR (TKAMY)
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Source: Yahoo! Finance
"Uncertainty among the workforce is at a maximum. Fears about the future of employees and that of the company can be felt everywhere," said Tekin Nasikkol, who also sits on Thyssenkrupp's 20-seat supervisory board. His comments come after Thyssenkrupp Steel Europe (TKSE) late on Thursday said its chairman, chief executive and five other supervisory and management board members would leave, reflecting a deepening dispute over the steel unit's future. Thyssenkrupp shares were flat at 0834 GMT after earlier falling by 1.8%. At the core of the clash lies the question over how deep a planned restructuring of TKSE should be and how much money it needs ahead of a partial sale to Czech billionaire Daniel Kretinsky. Kretinsky recently bought a 20% stake in TKSE and there are concerns over what the current crisis means for ongoing talks for him to buy a further 30% from Thyssenkrupp, according to people familiar with the matter. Labour represenatives on Thyssenkrupp's supervisory boa
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