ThyssenKrupp Says In Talks with Saab Over Shipyards Deal

FRANKFURT - German heavy industry giant ThyssenKrupp said Monday it is in talks with Saab over the sale of its Swedish shipyards business. The operations, formerly known as Kockums, employ a workforce of about 900 people and the aim of the talks was to safeguard those jobs and retain activities in Sweden, ThyssenKrupp said. "ThyssenKrupp Industrial Solutions, a subsidiary of ThyssenKrupp, and Saab have signed a memorandum of understanding about a sale of Swedish Shipyard ThyssenKrupp Marine Systems," the German group said in a statement. read more