Tata Steel Workers No Longer Convinced About Thyssenkrupp Merger

Tata Steel Ltd.’s European workers said they’re unsure the company’s planned joint venture with Thyssenkrupp AG should go ahead as the combination may favor the German firm’s operations.

Thyssenkrupp offered concessions to regulators earlier this month to win antitrust approval for a European steel joint venture, including selling plants in Belgium, Spain and the U.K. The two companies are trying to ease concerns flagged by European regulators that their combined steel operations would have too much control over market supply and prices.