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BOCHUM (dpa-AFX) – Before the general meeting of the industrial group thyssenkrupp in Bochum, several hundred employees appealed to shareholders in a demonstration to forego a dividend. “After the Navy’s recent IPO, shareholders have already benefited above average. Paying a dividend out of the assets now would be economically wrong and a fatal signal,” said an IG Metall leaflet.

The shareholders are to decide on a dividend of 15 cents per share at the general meeting. The company wants to distribute a total of 93 million euros.

IG Metall accused the company of treating employees ruthlessly. “The focus is on people, not returns,” it said.

Employees of the Duisburg steel manufacturer HKM, which faces an uncertain future, also took part in the demonstration. “We finally want a social collective agreement,” said works council leader Marco Gasse. HKM is a joint venture between the steel companies Thyssenkrupp Steel, Salzgitter and Vallourec and employs around 3,000 people. According to IG Metall, a social collective agreement should regulate how the expected staff cuts can be made socially acceptable. He has been under negotiation for several months./tob/DP/nas

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