German materials trading firm thyssenkrupp Schulte has announced plans to restructure its business and cut almost one in five full-time jobs in Germany. Locations are also to be closed and “a total of around 450 jobs are to be eliminated,” the company, a subsidiary of industrial giant thyssenkrupp, announced on Wednesday. Thyssenkrupp Schulte currently has around 2,300 full-time jobs at its more than 40 locations in Germany. “In the course of the restructuring, job cuts and the closure of several locations are unavoidable,” the company said. A thyssenkrupp Schulte spokesman said the company wo…