Under the restructuring, Thyssenkrupp Steel Europe (TKSE), which has a workforce of 27,000, said it would cut 11,000 jobs in total - 5,000 of which would be axed by 2030 and another 6,000 shed ...

KIEL, Germany (Reuters) -Thyssenkrupp plans to spin off 49% of its defence division TKMS to shareholders as part of a listing later in the year, a board member of the German conglomerate said on ...

Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector's worsening outlook as weak demand and Asian competition weigh on ...

Thyssenkrupp TKA 0.04 % increase; green up pointing triangle shares rose sharply after the German industrial company lifted its cash-flow guidance on the back of surging orders at its marine ...

Thyssenkrupp has agreed to sell a 20% stake in its steel business to Czech billionaire Daniel Kretinsky’s EP Corporate Group for an undisclosed sum, settling on a partial divestment after ...

Thyssenkrupp shows strong fundamentals and restructuring progress, making it a long-term Buy. Consider short-term profit-taking after 1Q25's surge.

FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp gave CEO Miguel Lopez a new five-year contract on Friday to continue an overhaul of the struggling conglomerate, averting a leadership crisis after ...

The Consumer Product Safety Commission and ThyssenKrupp Access, part of German conglomerate ThyssenKrupp, had been battling for years over responsibility for the accidents and what should be done ...

Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action ...

FRANKFURT (Reuters) -German conglomerate Thyssenkrupp cut its annual forecasts for sales and net profit for the second time in three months, blaming lower demand and prices at its steel unit, half ...

ThyssenKrupp AG sold the facility, that cost $5 billion to build, in late November to ArcelorMittal and Nippon Steel and Sumitomo Metal Corp for $1.55 billion. It was purchased in a 50-50 joint ...

KIEL, Germany (Reuters) -Thyssenkrupp plans to spin off 49% of its defence division TKMS to shareholders as part of a listing later in the year, a board member of the German conglomerate said on ...