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ThyssenKrupp

German heavy industry giant ThyssenKrupp has been suffering from a sharp deterioration of the materials businesses, pushing it into the red in the first quarter of its October-September fiscal year in 2015.

Steel is historically ThyssenKrupp's core business, but it also makes elevators, submarines and car parts. This page collates recent DW content on the company.

Israel to probe purchase of German submarines under Netanyahu

Israel to probe purchase of German submarines under Netanyahu 23.01.2022

The massive deal between Israel and German firm Thyssenkrupp had prompted bribery accusations against aides of former Prime Minister Benjamin Netanyahu. Israel recently announced a new deal with the German giant.
Israel to buy 3 submarines from Germany's Thyssenkrupp

Israel to buy 3 submarines from Germany's Thyssenkrupp 20.01.2022

The Israeli government has announced a deal to buy 3 submarines from German giant Thyssenkrupp Marine Systems.

Steelmaker Thyssenkrupp rejects German state aid

Steelmaker Thyssenkrupp rejects German state aid 12.12.2020

Industrial giant Thyssenkrupp has ruled out government participation to support it during the COVID pandemic, an option favored by unions but judged too costly by management.
Thyssenkrupp plans 5,000 more job cuts, with steel branch in jeopardy

Thyssenkrupp plans 5,000 more job cuts, with steel branch in jeopardy 19.11.2020

Thyssenkrupp was already undergoing a difficult restructuring process and had slashed 6,000 jobs last year. The coronavirus pandemic has been "a massive stress test" for the company, CEO Martina Merz said. 
Thyssenkrupp steel feels the heat as European industry finds itself at decisive moment

Thyssenkrupp steel feels the heat as European industry finds itself at decisive moment 20.10.2020

The German industrial giant Thyssenkrupp intends to sell its struggling steel business, although what deal will be done remains uncertain. What is clear is that the steel business in the EU as a whole is changing.
Britain's Liberty makes bid for steel unit of Germany's Thyssenkrupp

Britain's Liberty makes bid for steel unit of Germany's Thyssenkrupp 16.10.2020

The London-based firm says it has made a non-binding offer for Thyssenkrupp's steel activities. Amid talk of state intervention, the German conglomerate is reportedly in talks with two other rivals over a sale.
Germany fines steel producers millions over price fixing

Germany fines steel producers millions over price fixing 12.12.2019

Three manufacturers are counting the cost of rigging price supplements and surcharges for plate steel. One company escaped a penalty by being the first to cooperate with the cartel office.
Thyssenkrupp steel workers protest for investment and against job cuts

Thyssenkrupp steel workers protest for investment and against job cuts 04.12.2019

Thyssenkrupp workers have massed outside the ailing steel hub in Duisburg, Germany, demanding job safeguards and increased investment. The conglomerate has a new head after a failed merger bid with India's Tata.
DW Business – International

DW Business – International 22.11.2019

Steel giant ThyssenKrupp drops deeper into crisis, UN: Food insecurity looms in southern Africa, US Beaujolais Nouveau sales under tariff cloud
Thyssenkrupp: German steel giant's board wants to sack CEO

Thyssenkrupp: German steel giant's board wants to sack CEO 25.09.2019

Thyssenkrupp has been struggling through a failed merger bid, falling profits and difficult restructuring. Now the conglomerate's board wants CEO Guido Kerkhoff out.

ThyssenKrupp sues EU for blocking Tata merger

ThyssenKrupp sues EU for blocking Tata merger 22.08.2019

German steel giant ThyssenKrupp has said the European Commission was "too far-reaching and wrong" in blocking a merger with Tata Steel. ThyssenKrupp has filed a complaint against the Commission's decision.
The long road to 'greener' steel

The long road to 'greener' steel 29.07.2019

Everyone is talking about the dangers of man-made carbon. Yet getting businesses to get it out of the environment is a Herculean task. Still new CO2 mitigating production ideas may be around the corner for steelmakers.

Opinion: Are the good years over for German firms?

Opinion: Are the good years over for German firms? 10.07.2019

When BASF, the world's largest chemical company, drastically slashes its earnings forecast, it's an alarm signal for the German economy as a whole, say DW's Henrik Böhme.
DW Business Europe & America

DW Business Europe & America 10.05.2019

Uber IPO runs into roadbumps, Thyssenkrupp and Tata dump their steel merger, China-US trade conflict hurts US lobster fleet

The merger between Thyssen-Krupp and Tata has been called off 10.05.2019

Things looked very different nine months ago. Back then, ThyssenKrupp and Indian rival TataSteel wanted to merge and create Europe's second biggest steel company Now it's final: the marriage is off the table.
Thyssenkrupp expects EU to 'block' Tata merger plan

Thyssenkrupp expects EU to 'block' Tata merger plan 10.05.2019

Neither Thyssenkrupp nor Tata were prepared to make the concessions necessary to get their planned merger passed by the European Commission, fearing a negative effect on synergy. Thyssenkrupp then announced job cuts.
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