Struggling German steel giant Thyssenkrupp plans major overhaul

Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan. But there was anger at what some viewed as the looming demise of a well-known German manufacturing giant, which has almost 100,000 employees worldwide, as well as fears about more job cuts.