Thyssenkrupp falls on 'slow' restructuring agreement

** Shares of Thyssenkrupp TKA fall around 3% after it reached a restructuring agreement of its steel unit TKSE with a German trade union

** The deal seeks to cut around 40% of jobs at TKSE through planned job cuts first and forced layoffs from 2030

** This should allow the company to make annual savings of more than 100 million euros ($116.64 million)

** Although the sentiment is positive around the deal, it is still "quite slow", a local trader says

** The shares were down 2.62% at 0709 GMT, after falling as much as 3.4% earlier

($1 = 0.8573 euros)