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Latest Articles in thyssenkrupp

Thyssenkrupp Ends Talks With UK's Liberty On Steel Unit Sale

Thyssenkrupp's move to terminate talks shifts the focus to the group's two other scenarios for its steel division: keeping it or spinning it off to shareholders. Both would entail major additional cost and job cuts.

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Thyssenkrupp Raises Annual Outlook For First Time Since 2017

Thyssenkrupp's steel division, which could be sold, spun off or kept, swung to an adjusted operating profit of 20 million euros ($24 million) in the first quarter, compared with a loss of 127 million in the same period last year.

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Panchshil Office Parks Commissions Phase II of Panchshil Business Park at Baner-Balewadi in Western Pune's Business District

Panchshil Office Parks Commissions Phase II of Panchshil Business Park at Baner-Balewadi in Western Pune's Business District

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Thyssenkrupp Cuts 5,000 More Jobs As CEO Warns Of More Pain

The latest job cuts come after 6,000 reductions announced last year, and brings the total number of planned layoffs to 11,000, a third of which has already been realised

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Liberty Steel Set To Bid For Thyssenkrupp Steel Unit

The firm has 13 million tonnes of annual capacity, 72% of its total, and employs 17,000, compared with about 27,000 steelworkers at Thyssenkrupp.

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Government Stake Is One Of Several Options - Thyssenkrupp CEO

Thyssenkrupp is also exploring tie-ups with India's Tata Steel, Germany's Salzgitter and Sweden's SSAB

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Salzgitter CEO Rejects Idea Of Steel Alliance With Thyssenkrupp

Steel companies rely on coal for heating their blast furnaces but face pressure to shift toward renewable energy sources such as hydrogen as a way to cut their carbon emissions.

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Thyssenkrupp Steel Unit Aims For Return To Profit In Fiscal Year 2021/22 - WAZ

Unit head Bernhard Osburg, however, told WAZ daily that to achieve that return to profitability in the fiscal year beginning on Oct. 1, 2021

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Thyssenkrupp Flags Additional Job Cuts

Chief Financial Officer Klaus Keysberg, in a call with journalists discussing fiscal third-quarter results, said that talks were ongoing, not providing further details.

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Thyssenkrupp Closes $20.4 Billion Elevator Unit Sale

"Divesting the elevator business with its more than 50,000 employees was a tough decision that was not easy for anyone but it was indispensable in the interests of the whole group of companies,"

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'Nothing off-limits': Thyssenkrupp Could Sell Steel Business In Historic Shift

The chief executive was speaking hours after announcing that the group was in talks with steel industry peers about consolidation options.

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Ailing Icon Thyssenkrupp Seeks Partners For Steel, Warship Units

Hoping to stop the bleeding of cash and restore investor confidence, the group also pooled businesses worth 6 billion euros ($6.6 billion) of sales and employing 20,000, about 13% of total staff

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Thyssenkrupp Shares Gain Over Steel Business Talks

Thyssenkrupp shares were up 6.3% at 0711 GMT, making it the biggest percentage gainer in the German mid-cap index MDAX .

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Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale

Car makers and suppliers have scrambled to shore up their liquidity as car sales in Europe tumbled by more than 50% in March.

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thyssenkrupp Elevator Sets Up First Central Spare Parts Warehouse In India

With a total surface area of 10,000 sq. ft., the new warehouse in Pune holds up to over 5000 different parts and components for maintenance service.

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