Industry: Thyssenkrupp Wants to Split Off Other Parts of the Company

The head of the crisis-ridden conglomerate Thyssenkrupp wants to independentize its divisions. The head office becomes such a holding company. Critics fear that it will be destroyed.

Thyssenkrupp's Marine Systems armaments division and the steel division become independent. In the long term, the Group wants to make all business divisions independent.

According to Stahl and Marine, the other divisions of the industrial group are also to be self-employed. In an interview, CEO López stresses that the group wants to retain the majority in each case.

Thyssenkrupp CEO López wants to take the traditional company apart. This has consequences for jobs, locations and Essen headquarters.

North Rhine-Westphalia's Economics Minister Mona Neubaur (Greens) is demanding clarity from Thyssenkrupp. "What the people of North Rhine-Westphalia—and especially the employees at Thyssenkrupp—need now is reliability and a clear course. Public speculation about a breakup of the company is poison for constructive solutions," Neubaur told the "Rheinische Post" newspaper (Tuesday). "The now announced strategic realignment of the company can be an …

The firm considers that it has already "taken important steps in this direction" with the split initiated of a minority participation in Thyssenkrupp Marine Systems and also with the 50% joint venture between Thyssenkrupp Steel Europe and EPG. "In the coming years, the segments of Materials Services and Automotive Technology will also prepare for capital markets and become independent as soon as the necessary conditions are met," says the group.…