German Industrial Titan, Thyssenkrupp, Prepares for a Major Shake-up—Raising Concerns over Job Cuts and a Looming Break-Up

German industrial titan, Thyssenkrupp, prepares for a major shake-up—raising concerns over job cuts and a looming break-up

Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan. Once a symbol of German manufacturing might, Thyssenkrupp has fallen into crisis in recent years as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional …

Thyssenkrupp is to be smashed. And if all daughters are to become independent, the mother no longer needs it. Thyssenkrupp AG becomes a better locust. But the board of directors may have miscalculated.

Thyssenkrupp Faces Watershed Moment as German Industrial Giant Plots Breakup Amid Global Ambitions and Internal Crisis

Thyssenkrupp, once a symbol of Germany’s industrial strength, is entering uncharted territory. The conglomerate announced a sweeping overhaul this week that would dismantle its centuries-old centralized structure, splitting the company into standalone businesses amid mounting financial losses, competitive pressure from… The post Thyssenkrupp Faces Watershed Moment as German Industrial Giant Plots Breakup Amid Global Ambitions and Internal Crisis…