Union sets out demands as $17 billion Thyssenkrupp elevator sale nears endgame
(Reuters) - Any new owner of Thyssenkrupp's (TKAG.DE) prized elevator unit not only has to provide guarantees against job cuts and plant closures, but also commit to staff involvement and investment plans, Germany's largest union told Reuters. "We want to conclude the negotiations as fast as possible and then sign an agreement with the chosen buyer," IG Metall's Knut Giesler, chief staff negotiator in Thyssenkrupp's efforts to sell its elevator division, said on Tuesday. Thyssenkrupp on Monday narrowed the field of bidders for the world's fourth-largest lift maker and was focusing on selling a majority or all of the unit to either Blackstone (BX.N), Carlyle (CG.O) and the Canada Pension Plan Investment Board, or Advent and Cinven [CINV.UL]. "There are two, three things that still need to be ironed out. That's the task of the next one and a half weeks," said Giesler, who serves as deputy chairman of the supervisory board of Thyssenkrupp Elevator Technology.