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ThyssenKrupp

German multinational conglomerate corporation

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ThyssenKrupp: German multinational conglomerate corporation
ThyssenKrupp AG is a German multinational conglomerate with focus on industrial engineering and steel production. The company is based in Duisburg and Essen and divided into 670 subsidiaries worldwide. It is one of the world's largest steel producers; it was ranked tenth-largest worldwide by revenue in 2015. The company is the result of the 1999 merger of Thyssen AG and Krupp, and now has its operational headquarters in Essen. The largest shareholders are Alfried Krupp von Bohlen und Halbach Foundation and Cevian Capital.

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Thyssenkrupp to cut another 5,000 jobs [Video]

Thyssenkrupp to cut another 5,000 jobs

German conglomerate Thyssenkrupp plans to cut another 5,000 jobs to stem losses across its sprawling empire after posting a 1.6 billion euro ($1.9 billion) operating loss in its latest financial year,..

Credit: Reuters Studio     Duration: 01:09Published

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Thyssenkrupp to cut 3,000 jobs at struggling steel unit

German conglomerate Thyssenkrupp will cut 3,000 jobs and invest 4.2 billion euros ($4.6 billion) at its struggling steel division by 2026 as part of a wage deal struck with powerful labor union IG..
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Thyssenkrupp shortlists buyout firms for elevator unit, Kone out

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Kone out as Thyssenkrupp shortlists private equity for elevator division

German conglomerate Thyssenkrupp said on Monday it has shortlisted two private equity consortia in the sale of its 16 billion euro ($17.3 billion) elevator division, dealing a blow to Finland's Kone ,..
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Thyssenkrupp CEO's last roll of the dice: sell the family silver

Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group's prized elevator division lock, stock and barrel so he can save the conglomerate's remaining businesses, four sources close to..
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