• Germany's news in English

ThyssenKrupp paid for plush trade unionist trips

The Local · 11 Jan 2013, 11:54

Published: 11 Jan 2013 11:54 GMT+01:00

Facebook Twitter Google+ reddit

A trip to an over-budget, delayed new steel factory in Brazil included a separate flight to Rio de Janeiro especially to see the Sugarloaf Mountain, financial daily paper Der Handelsblatt reported after seeing internal ThyssenKrupp documents.

The company also invited supervisory board vice chairman Bertin Eichler to the Formula One racing in Shanghai, where ThyssenKrupp splashed out on a private box for its guests.

Eichler has, according to the paper, had at least five first class flights paid for by ThyssenKrupp but accepting them was, he said, a mistake. The company had a policy of sending members of the supervisory board first class on overseas flights.

“Looking at it now, it would be sensible to review this policy and set out strict criteria,” Eichler told the paper.

ThyssenKrupp shareholders announced that they would not be letting the board of directors get off lightly in the upcoming general meeting.

They could well come under fire not only for expensive travel budgets but also the poor management of overseas factories.

Story continues below…

The revelations are reminiscent of German carmaker Volkswagen's pampering of works council members a few years ago. That scandal, however, included paying for visits to prostitutes.

The Local/jcw

The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

12:27 January 11, 2013 by pepsionice
And? This has likely been going on for forty years, if you dug for evidence. Union members ought to mandate that their representatives only serve two years and then never return to be a union rep ever again. It probably wouldn't hurt to tax either the company or the union rep's for these exotic trips.
13:13 January 11, 2013 by raandy
I don't really care. TK and every big international business.

What really was outrageous was how AIG and other USA financial institutions paid their top CEOs outrageous bonuses after they took tax payer money for a bailout because of shoddy business practices.
Today's headlines
These are Germany's top ten universities
The new library of Freiburg University. Photo: Jörgens.mi / Wikimedia Commons

These are the best universities in all of Germany - at least according to one ranking.

Introducing Swabians - 'the Scots of Germany'
Photo: DPA

These Southern Germans have quite a reputation in the rest of the country.

Woman sues dentist over job rejection for headscarf
Photo: DPA

A dentist in Stuttgart is being taken to court by a woman whom he rejected for a job as his assistant on the basis that she wears a Muslim headscarf.

Isis suspect charged with scouting Berlin attack sites
Photo: DPA

German federal prosecutors said Thursday they had brought charges against a 19-year-old Syrian man accused of having scouted targets in Berlin for a potential attack by the Isis terror group.

Berlin Holocaust memorial could not be built now: creator
The Memorial to the Murdered Jews of Europe, in Berlin. Photo: DPA.

The architect of the Berlin Holocaust memorial has said that, if he tried to build the monument again today, it would not be possible due to rising xenophobia and anti-Semitism in Germany and the United States.

'Liberal' Germany stopping Europe's 'slide into barbarism'
Ian Kershaw. Photo: DPA

Europe is not slipping into the same dark tunnel of hate and nationalism that it did in the 1930s - mainly thanks to Germany - one of the continent's leading historians has said.

Eurowings strike to hit 40,000 passengers
Travelers impacted by the strike on Thursday wait at Cologne Bonn airport. Photo: DPA.

The day-long strike by a Eurowings cabin crew union is expected to impact some 40,000 passengers on Thursday as hundreds of flights have been cancelled.

Deutsche Bank reports surprise quarter billion profit
Photo: DPA

Troubled German lender Deutsche Bank reported Thursday a surprise €256-million profit in the third quarter, compared with a loss of more than six billion in the same period last year.

US 'warned Merkel' against Chinese takeover of tech firm
Aixtron HQ. Photo: DPA

The German government withdrew its approval for a Chinese firm to purchase Aixtron, which makes semiconductor equipment, after the US secret services raised security concerns, a German media report said Wednesday.

Long-vanished German car brand joins electric race
Photo: DPA

Cars bearing the stamp of once-defunct manufacturer Borgward will once again roll off an assembly line in north Germany from 2018, the firm said Wednesday.

10 German clichés that foreigners get very wrong
Sponsored Article
Last chance to vote absentee in the US elections
10 ways German completely messes up your English
Germany's 10 most weird and wonderful landmarks
10 things you never knew about socialist East Germany
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
jobs available
Toytown Germany
Germany's English-speaking crowd