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Thyssenkrupp Board Member Says Financing Of Liberty Offer Not Convincing
Thyssenkrupp Steel CEO Says Group Still In Difficult Situation
Thyssenkrupp Reaches Agreement On Restructuring Of Springs And Stabilizers Division In Germany
thyssenkrupp AG is a Germany-based group of industrial and technology companies. It operates in five segments: Materials Services is engaged in the global distribution of materials and the provision of technical services for the production and manufacturing sector; Industrial Components manufactures forged components and system solutions for the resource, construction and mobility sectors, as well as slewing rings, antifriction bearings and seamless rolled rings for the wind energy and construction machinery sectors; Automotive Technology develops and manufactures high-tech components and systems for the automotive industry and develops automated production systems for the automotive industry; Steel Europe brings together the premium flat carbon steel activities, from intelligent materials solutions to finished parts; Marine Systems is a system provider in submarine and surface ship building and in the field of maritime electronics and security technology. It operates worldwide.
Misc. Fabricated Products
ThyssenKrupp Allee 1
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Vice Chairman of the Supervisory Board
Chief Financial Officer, Member of the Executive Board
Member of the Executive Board, Director of Human Resources and Labor Director
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German conglomerate Thyssenkrupp <TKAG.DE> plans to cut another 5,000 jobs to stem losses across its sprawling empire, it said on Thursday, after reporting its operations were 1.6 billion euro ($1.9 billion) in the red in the latest financial year.
Thyssenkrupp <TKAG.DE> is in intense discussions with European peers about consolidation in the warship sector, Chief Executive Martina Merz told analysts on Thursday.
Thyssenkrupp is in intense discussions with European peers about consolidation in the warship sector, Chief Executive Martina Merz told analysts on Thursday.
Swedish activist fund Cevian, Thyssenkrupp's <TKAG.DE> second-largest shareholder, on Thursday urged management to take more forceful action to restructure the ailing conglomerate.
Thyssenkrupp <TKAG.DE> is not considering making acquisitions in its "no taboo" approach to its loss-making steel unit, Chief Executive Martina Merz said on Thursday.
Thyssenkrupp is not considering making acquisitions in its "no taboo" approach to its loss-making steel unit, Chief Executive Martina Merz said on Thursday.
Ailing conglomerate Thyssenkrupp on Thursday said it would need to cut a further 5,000 jobs to ease the impact of the coronavirus crisis on its businesses.
Thyssenkrupp <TKAG.DE> is writing down the value of its steel unit by more than 1 billion euros (894.28 million pounds), Handelsblatt reported, citing company sources.
Embattled conglomerate Thyssenkrupp's Heavy Plate plant is facing closure after a potential buyer dropped out of a sales process, two labour representatives told Reuters on Tuesday.
Thyssenkrupp <TKAG.DE> is considering carving out its steel division to seek state aid from Germany's economic stabilisation fund in a bid to rescue the ailing business, a senior policymaker said on Friday.
Thyssenkrupp is considering carving out its steel division and putting it under Germany's economic stabilisation fund in a bid to rescue the ailing business, a senior policymaker said on Friday.
Embattled conglomerate Thyssenkrupp <TKAG.DE> is reviewing ways to keep its electrolysis unit Uhde as demand for large-scale production of hydrogen is expected to increase, three people familiar with the matter told Reuters.
Germany's Thyssenkrupp <TKAG.DE> and Sweden's SSAB <SSABa.ST> could reap more than 500 million euros ($593 million) in annual cost savings if they agree on a steel tie-up, three people close to the negotiations said.
Metals trader Kloeckner & Co <KCOGn.DE> does not expect any developments with regard to a potential tie-up with larger peer Thyssenkrupp <TKAG.DE> in the near-term, its chief executive said on Tuesday.
Thyssenkrupp is keeping its options open regarding the prospective sale of its steel and plant divisions, the management board said in a letter to staff on Friday, adding that the outcome of talks was unclear.
Thyssenkrupp is keeping its options open regarding the prospective sale of its steel and plant divisions, the management board said in a letter to staff, indicating that sale talks had not progressed. (Reporting by Tom Kaeckenoff, Writing by Douglas Busvine, Editing by Thomas...
Thyssenkrupp's <TKAG.DE> steel unit, which Britain's Liberty Steel wants to buy, has cut reliance on shortened working hours, a spokesman said on Thursday, adding that alone was not yet a sign of a sustainable demand recovery.
Sanjeev Gupta's non-binding offer for Thyssenkrupp's <TKAG.DE> loss-making steel unit is the latest in a wave of consolidation moves across Europe's metals sector, which is blighted by overcapacity and in need of investment to make it more eco-friendy.
Liberty Steel, founded by commodities tycoon Sanjeev Gupta, on Friday said it had made a non-binding offer for Thyssenkrupp's <TKAG.DE> steel unit, hoping to forge a European champion to master the transformation towards carbon-neutral production.
Liberty Steel CEO Sanjeev Gupta sees synergy potential in his planned attempt to take over the steel division of Thyssenkrupp <TKAG.DE>, he told reporters after confirming a non-binding bid had been made.
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