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Thyssen Group to invest 5 billion euros to build a steel plant in Brazil, the largest investment behavior for the group history. Last summer after the completion of this steel plant, the company did not meet because the environmental 2 fine. The president visited the factory original, to express the support of the German companies.
the past few years, the Thyssen Group in the iron and steel enterprises in Brazil and the United States invest too heavily in debt, debt of up to 5.8 billion euros. The new president took office, drastic reform, not only to rebuild the internal body, and a sharp reduction in the proportion of iron and steel sector business, to give up a quarter of the original production range, only within Germany will be laid-off workers related to 14000World Steel Pipe .
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Germany's biggest steelmaker, ThyssenKrupp debt facing structural reconstructionWorld Steel Pipe , the group decided to dismiss 35,000 workers in this process. Wulff, German President to cancel the visit of its overseas plants to express their dissatisfaction.
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Rio de Janeiro is the Wulff South America, one week on the final stop, the original plan to visit the Thyssen Group in the new steel plant, when informed that the company's dismissal of workers plan, Wulff immediately canceled his visit and on the 7th day ahead of the return to Germany.