ThyssenKrupp Steel Europe, facing intense competition from cheaper Asian imports, plans to cut its workforce by over 11,000 by 2030, reducing it from 27,000 to 16,000. This restructuring includes 5,000 job cuts through production and administrative adjustments, and another 6,000 through outsourcing or business sales. To combat overcapacity, production capacity will be reduced from 11.5 million to 8.7-9 million metric tons. While the company aims for voluntary departures, the plan has been met with strong opposition from labor unions.
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Elon Musk and Vivek Ramaswamy’s “DOGE Plan” proposes drastic federal government restructuring, advocating for significant staff reductions based on a flawed premise of an overly large and inefficient bureaucracy. Their plan, lacking concrete details and expertise, hinges on an undefined “lean team” and the deployment of “advanced technology,” despite the significant existing reliance on government contractors. The authors’ conflicts of interest, notably Musk’s dealings with the federal government and Trump’s potential protection of the oil and gas industry, undermine their claims of disinterested reform. Ultimately, the plan’s reliance on unsubstantiated assertions and lack of practical implementation strategies render it unrealistic and potentially harmful.
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Vivek Ramaswamy, alongside Elon Musk, plans significant cuts to the US federal government, potentially eliminating entire agencies. Their aim includes “deleting” the Department of Education, redirecting its $80 billion budget to parents, and implementing mass deregulation. Ramaswamy emphasizes the need for swift action and expects substantial reductions in federal workforce and contractor spending. This initiative is part of a broader strategy for deep government restructuring.
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John Q. Hosedrinker