"We believe our associates will greatly appreciate the opportunity to secure a degree from such a prestigious university at no cost to them and from the convenience of their own homes," said Erin Bentz, global director of talent. .
Thyssenkrupp CEO Kerkhoff has signaled he would prefer to sell a minority stake in the elevator unit.
The buyback is part of a larger push by Larry Culp, CEO, to turn the company around after its recent plunge.
Their CEO, Dennis Muilenburg, says that a lack of a trade deal would jeopardize sales of the 787 and 777 to Chinese airlines.