Thyssenkrupp to cut 800 jobs at automotive business

German conglomerate Thyssenkruppwill cut 800 automotive system engineering jobs, it said on Tuesday, and said auto demand could take up to three years to recover.The impact of the COVID-19 pandemic has added to pressures on Thyssenkrupp, which is striving to turn around its loss-making business units after selling its elevator division, by far its most profitable asset, to a private equity consortium earlier this year."We don't expect output figures in the auto industry to return to pre-crisis l