Thyssenkrupp to cut 640 jobs at ailing System Engineering unit

Credit: REUTERS/MICHAELA REHLE

German conglomerate Thyssenkrupp on Wednesday said it planned to cut 640 jobs at its System Engineering unit, which it put under review earlier this year.

FRANKFURT, Nov 20 (Reuters) - German conglomerate Thyssenkrupp TKAG.DE on Wednesday said it planned to cut 640 jobs at its System Engineering unit, which it put under review earlier this year.

System Engineering, which makes assembly lines for the car, aerospace and battery industries, had been put under review in August in an attempt to address Thyssenkrupp's cash burn.

(Reporting by Christoph Steitz Editing by Michelle Martin)

((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; Reuters Messaging: christoph.steitz.thomsonreuters.com@reuters.net))

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