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Amnesty deal for ThyssenKrupp workers

German heavy industry giant ThyssenKrupp, rocked by a slew of corruption scandals, said Tuesday it will not prosecute or fire employees involved in any wrongdoing if they cooperate in uncovering the malpractices.

Amnesty deal for ThyssenKrupp workers
Photo: DPA

“For employees who disclose compliance matters voluntarily, truthfully and fully … and who cooperate unreservedly in investigating them, the executive board promises that it will not assert or enforce damage claims,” the company said in a statement.

“Subject to this condition, the information provided in this connection will also not be used as a reason to unilaterally terminate the employment of the disclosing employee.”

ThyssenKrupp, long regarded as one of the emblems of Germany’s technological prowess, has seen its image tarnished reccently in the wake of a series of corruption allegations, including a price-fixing cartel, luxury trips laid on for journalists and alleged bribery in contracts in eastern Europe and China.

Last month, the group’s supervisory board chief Gerhard Cromme quit over his handling of the scandals as ThyssenKrupp battles to clean up its image.

The industry giant, whose activities range from steel-making to elevators, industrial plant technology, submarines and car parts, said the amnesty to whistleblowers would run until June 15.

And it would not apply to management, it stressed.

“The programme does not apply to the executive board members of ThyssenKrupp, business area management board members, the heads of the operating units, and the managing directors of group companies,” the statement said.

“ThyssenKrupp is in the middle of a major change process,” including an attempt to radically reshape its corporate culture, the company said.

Among the values that it now stood for, “compliance is a must,” it said.

“Overall ThyssenKrupp is making good progress… But despite considerable efforts to communicate a shared understanding of values, there have been a number of serious compliance violations in recent times which have caused huge damage to the group’s image,” the statement complained.

AFP/jlb

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ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

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The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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