Thyssenkrupp before collapse: Historical restructuring threatens!

Thyssenkrupp before collapse: Historical restructuring threatens!

Essen, Deutschland - Thyssenkrupp is on the crossroads: A massive conversion of the traditional company is in full swing, CEO Miguel López. In a strategic struggle, the group plans a restructuring into a holding. Business areas such as steel, shipbuilding and trade are to be either sold or brought to the stock exchange. This reports Compact .

The group, whose roots go back to 1811, launched cast steel production as company founder Friedrich Krupp in Essen, today faces an unprecedented challenge. Despite his glorious history, which is characterized by expansion and the creation of jobs, Thyssenkrupp is plagued by massive financial difficulties. These result in particular from misinvestments and the difficult situation in the steel industry.

drastic changes

The current plans of the group stipulate that the steel division, which last year generated sales of 12.1 billion euros and employed 16,000 people, is to be sold. Miguel López formerly referred to the steel trade as a core business, but now the allocations seem to work on a drastic reduction in operational business. It is also considered to close or sell parts of the auto supplier division, such as WDR reports.

The renovation could lead to a job cuts that would affect more than half of the 98,000 employees of the company. In the future, the headquarters from 500 to only 100 employees could be shrunk. Isolated reports speak of a drastic decline in profits, with a sunken order intake from 8.6 billion euros to 8.1 billion euros in recent months. This entails questions about the future of employees and the core areas of the company.

political response and regional effects

The developments have affected not only the company itself, but also the political landscape. Sarah Philipp from the NRW-SPD sees an alarming signal for North Rhine-Westphalia, while Jochen Ott, SPD parliamentary group leader, describes the measures as "drama for the Ruhr area". This shows the great discomfort of the political actors with regard to the regional effects of the possible destruction of Thyssenkrupp, so WDR .

The current situation could be an opportunity for investors. Daniel Křetínský, the Czech billionaire, has already invested in the steel area, and there may be further takeovers that could further accelerate the restructuring of Thyssenkrupp. Experts from the industry expect that there will be no major resistance to restructuring, which favors the enforcement of the hard measures.

The future of Thyssenkrupp

The tightened market situation also contributes to uncertainty. The industry faces challenges, including overcapacity and a decline in demand, especially in the EU. The situation is also complicated by rising imports from abroad, while the customs policies from the USA and China additionally tighten the situation. An increasingly dwindling trust in "green technologies" as the core area of ​​the company causes further unrest among the employees, such as "https://www.merkur.de/wirtschaft/am-ende-praktisch-ufgeloest-thyssenkrupp-soll-drastic-planen-93753196.html"> Merkur

Finally, it can be stated that Thyssenkrupp is faced with crucial strategic course, which will not only determine the future of the company, but also the many of its employees.