Thyssenkrupp in €1bn writedown of steel business as demand …
10 hours ago · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thyssenkrupp has written down its steel business by a further €1bn as Germany’s largest steelmaker ...
Thyssenkrupp books $1 billion impairment on struggling steel unit
11 hours ago · Shares of Germany’s Thyssenkrupp jumped on Tuesday after the company posted a narrowed net loss and a 1-billion-euro ($1.06 billion) impairment on the firm’s struggling steel division. The ...
Thyssenkrupp's steel division sees valuation slump - Euronews
6 hours ago · Thyssenkrupp is notably engaged in talks with Czech billionaire Daniel Křetínský, who owns 20% of the firm’s steel division. It remains to be seen whether this stake will be raised by 30%.
Thyssenkrupp records $1B impairment on steel unit amid …
6 hours ago · A general view of a blast furnace plant of the German steelmaker Thyssenkrupp, Duisburg, Germany, Nov. 12, 2024. (EPA Photo) German industrial major Thyssenkrupp took a fresh 1-billion-euro ($1.06-billion) impairment on its struggling steel division, citing the "challenging market environment" as weak demand and Asian competition hurt its sales.
Thyssenkrupp Takes $1 Billion Impairment on Steel Unit as ... - U.S. News
18 hours ago · ESSEN, Germany (Reuters) -Thyssenkrupp took a fresh 1 billion euro ($1.06 billion) impairment on its struggling steel division, blaming the sector's worsening outlook as weak demand and Asian ...
Thyssenkrupp takes fresh $1 bln impairment on steel division
12 hours ago · ESSEN, Nov 19 (Reuters) - Thyssenkrupp (TKAG.DE), opens new tab on Tuesday said it took a fresh 1 billion euro ($1.06 billion) impairment on its struggling steel division, citing the sector's ...
Losses linger for crisis-hit Thyssenkrupp as steel sector suffers
6 hours ago · German industrial giant Thyssenkrupp reported Tuesday a massive annual loss for the second year running, as it battles challenges including a crisis in its historic steel division. The ...
Thyssenkrupp's crisis deepens as steel unit's leadership steps down
Aug 29, 2024 · The chairman and CEO of Thyssenkrupp's steel division have decided to step down amid a deepening conflict with its ailing German parent company over the future of the business.
Thyssenkrupp steel revamp to happen without forced layoffs
Jun 24, 2024 · The restructuring of Thyssenkrupp's struggling steel unit will take place without forced layoffs, the company said on Monday, meeting a key demand of powerful labour unions that have lashed...
Thyssenkrupp Rises After Steel Writedown Helps Stake Sale Plan
Nov 22, 2023 · Thyssenkrupp AG gained after the wrote down the value of its struggling steel business by a further €1.8 billion ($1.96 billion), boosting chances the company will finally succeed in offloading...