in about four thousand job cuts and savings of hundreds of millions of euros each year the marriage firm will employ some forty eight thousand workers in countries including germany the netherlands and the u.k. and it's expected to generate an annual revenue of around fifteen billion euro as. you just saw ahead of a he's ing at the c.e.o. or to sit in that report and we can speak to him now he joins us from brussels welcome to the program let me first ask you why this move now. i think it's about now you probably will come back to the pond did took us roughly two years to go forward what is the root cause here we have a structure over capacity for steel in europe and as a consequence out of that the utilization rates for all the steel companies were not high enough to really change rate attractive returns going forward and for our employees they were forced into restructuring programs each and every three to four