Exclusive: Thyssenkrupp opens books in sale of plant-building unit
By Christoph Steitz, Tom Käckenhoff ESSEN, Germany (Reuters) – Thyssenkrupp has begun due diligence with potential bidders for its plant division as the German conglomerate accelerates a radical overhaul to sell or turn around ailing business units in the next…
Thyssenkrupp state bailout is not the right step, German minister says
Germany on Tuesday downplayed hopes for a state bailout of the ailing steel unit of money-losing conglomerate Thyssenkrupp. Along with rivals, Thyssenkrupp Steel Europe, Europe’s second-largest steelmaker after ArcelorMittal, has been plagued by high raw material costs, weak demand from…
Gov’t stake in Thyssenkrupp is not the right step, German minister says
ESSEN/BERLIN/FRANKFURT — Germany on Tuesday downplayed hopes for a state bailout of the ailing steel unit of money-losing conglomerate Thyssenkrupp. Along with rivals, Thyssenkrupp Steel Europe, Europe’s second-largest steelmaker after ArcelorMittal, has been plagued by high raw material costs, weak…
thyssenkrupp Starts Realignment of Automotive System Engineering
Image Source: thyssenkrupp Automotive x DOWNLOAD thyssenkrupp Starts Realignment of Automotive System Engineering thyssenkrupp Starts Realignment of Automotive System Engineering At the start of the new fiscal year on October 1, 2020, thyssenkrupp will commence the operational realignment of its…
Thyssenkrupp to cut 800 jobs at automotive business
Thyssenkrupp plans to cut 800 jobs at its automotive system engineering activities. In announcing the move, the German steel supplier warned that the car market remained extremely challenging. “We don’t expect output figures in the auto industry to return to…
Thyssenkrupp to ‘realign’ automotive system engineering | Automotive Industry News
Thyssenkrupp will realign automotive system engineering activities from 1 October by splitting the current system engineering business unit into two independent units. One will eventually be sold and there will be job losses. The aim is to create two independent…
