Thyssenkrupp workers warn against confrontational management approach
DUESSELDORF (Reuters) – Thyssenkrupp must not divest its steel and marine units against the will of workers, the group’s labour leaders said on Friday, criticising …
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Thyssenkrupp should consider industrial players in sale of defense division – IG Metall
By Tom Käckenhoff DUESSELDORF (Reuters) – Thyssenkrupp should explore a sale of its warship division to peers, in addition to private equity players and a …
Germany’s top union to enter Thyssenkrupp defence sales talks
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Influential labour representatives are open to private equity players taking a stake in Thyssenkrupp’s warship division Marine …
Germany’s Thyssenkrupp says Europe must match U.S. climate package
FRANKFURT (Reuters) – German conglomerate Thyssenkrupp on Monday joined peers in saying that European industry was under threat should the continent fail to come up …
Thyssenkrupp Uhde aims to double sales, open to co-owners
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Germany (Reuters) – Thyssenkrupp’s plant engineering unit plans to double sales to around 2 billion euros ($2.2 billion) …
Thyssenkrupp 2023 sales to fall by less than 10% – CFO
FRANKFURT (Reuters) – Thyssenkrupp expects sales to fall by less than 10% in 2023, its chief financial officer told analysts on Thursday after presenting full-year …
Thyssenkrupp: no taboos on steel unit, no talks with Salzgitter on tie-up
FRANKFURT (Reuters) – Thyssenkrupp is not ruling out a sale, spin-off or merger of its steel division to realise a stand-alone scenario it deems best …
Thyssenkrupp CEO Merz gets 5-year contract extension
FRANKFURT – Martina Merz, who has been chief executive of Germany’s Thyssenkrupp since 2019, has received a five-year contract extension until March 2028, the company …
Thyssenkrupp top shareholder has no plan to sell stake
DUESSELDORF – Thyssenkrupp’s top shareholder has no plans to sell its 20.93% stake in the German conglomerate, its head said. “We are a stable, reliable …
Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag
BERLIN – Germany’s second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its …
Germany’s Thyssenkrupp, Japan’s NSK mull automotive JV
BERLIN – Thyssenkrupp and Japan’s NSK are considering forming an automotive joint venture, the German conglomerate said on Thursday, as it continues to explore new …
Thyssenkrupp CFO: IPO of Nucera could take place in H1
FRANKFURT – Thyssenkrupp Chief Financial Officer Klaus Keysberg on Wednesday confirmed the timeline for a planned listing of hydrogen division Nucera, saying an initial public …
Thyssenkrupp puts 1,300 steel workers on short working hours
DUESSELDORF – Thyssenkrupp is cutting working hours for 1,300 of its steel workers, the German conglomerate said on Thursday, responding to the impact of the …
Thyssenkrupp drops cash flow forecast, questions steel plans due to Ukraine
BERLIN – Germany’s Thyssenkrupp on Wednesday suspended its 2021/22 forecast for free cash flow before mergers and acquisitions for due to the Ukraine crisis and …
Thyssenkrupp hydrogen IPO plans face market headwinds – sources
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF – A steep drop in hydrogen shares is likely to hit the valuation of Thyssenkrupp’s hydrogen unit Nucera, …
Higher steel prices boost Thyssenkrupp amid supply chain strains
By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two …