Major steel funds not yet approved - Thyssenkrupp labour leader

DUISBURG, Germany (Reuters) - Much-needed funds for Thyssenkrupp's steel division, which could be turned into the conglomerate's profit engine, have not yet been approved by management, a leading labour representative said."The management of Thyssenkrupp needs to earn that money first," Tekin Nasikkol, who heads the works council of Thyssenkrupp Steel Europe, said on Thursday, adding some members of the board were saying the unit needs too much money.Under plans revealed a day earlier,..