AdvtJoin the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Download the ETInfra App and get the Realtime updates and Save your favourite articles. Thyssenkrupp unveiled 401 million euros ($477 million) in expenses to fund far-reaching job cuts at its steel division, as the German industrial conglomerate continues talks with India's Jindal Steel International over a sale of the business.As a result of the charges, Thyssenkrupp reported on Thursday a wider first-quarter net loss of 353 million euros. Analysts polled by LSEG had, on average, expected a net profit of 32 million euros for the period.
