German industrial giant Thyssenkrupp on Friday rejected state participation to support it during the pandemic, an option favoured by unions but judged too costly by management.
Thousands of Thyssenkrupp steel workers in Germany on Tuesday protested against planned job cuts, accusing bosses at the struggling conglomerate of mismanagement after a failed merger bid with Tata steel.
German industrial conglomerate ThyssenKrupp said on Friday that it was scrapping merger plans with Indian steel giant
Tata and would slash 6,000 jobs worldwide in a structural shakeup.
German industrial giant Thyssenkrupp's biggest shareholder on Friday strongly opposed calls by activist investors to break up the venerable institution, as it battles through a leadership crisis.
Turmoil has erupted at industrial giant Thyssenkrupp after a mega deal merging its steelmaking arm with India's Tata, with its bosses quitting amid an acrimonious battle with shareholders on whether to break up the venerable institution.
German industrial giant ThyssenKrupp said on Friday it had finally agreed to the merger of its steelmaking business with India's Tata, making the merged firm Europe's second-biggest steelmaker.
Steelworkers at German industrial
giant ThyssenKrupp have won guarantees that their jobs are secure until 2026, bringing the group a step closer to its planned merger with India's Tata Steel.
Germany on Monday signed a deal to sell three submarines to the Israeli navy in an agreement of "strategic importance" to the Jewish state, Prime Minister Benjamin Netanyahu said.
Germany has resumed negotiations towards selling Israel three submarines after a three-month pause in talks following concern in Berlin over a corruption investigation, Israeli officials said Friday.
A German industrial giant is waging a campaign of "internal warfare" against one of its own firms - Sweden's flagship submarine manufacturer Kockums - putting key defence deals at risk, sources have told The Local.
Berthold Beitz, Germany's industrial Oskar Schindler who saved hundreds of Jews from Nazi persecution before managing the heavy industry giant ThyssenKrupp, has died aged 99, the company said on Wednesday.
German heavy industry giant ThyssenKrupp said on Wednesday it plans to axe 3,000 administrative jobs worldwide as disastrous investments in steel operations overseas tore holes in its balance sheet in the second quarter.
German heavy industry giant ThyssenKrupp, rocked by a slew of corruption scandals, said Tuesday it will not prosecute or fire employees involved in any wrongdoing if they cooperate in uncovering the malpractices.
German heavy industry giant ThyssenKrupp said Tuesday it is forecasting sluggish sales and earnings this year as it continues to suffer from weak steel demand in Europe.
German heavy industry giant ThyssenKrupp unveiled plans on Friday to axe more than seven percent of the workforce at its Steel Europe division to make the business more competitive.
ThyssenKrupp's supervisory board has agreed to take a 50-percent pay cut in view of the German heavy industry and steel giant's disastrous losses last year, its chief said on Friday.
German industrial giant ThyssenKrupp came on Friday under fire after it emerged it had sent trade union representatives first class on trips to exotic locations such as Brazil and Formula 1 races.
Germany's national rail company Deutsche Bahn said on Thursday it had filed a court case against heavy industry giant ThyssenKrupp and other companies over alleged track pricing agreements.
German heavy industry giant ThyssenKrupp said on Monday it would not pay any annual dividends after it posted a loss of €4.7 billion for the year following a write-down of two loss-making steel plants.
Steel managers who were fixing prices and dividing up the railway track market took Deutsche Bahn employees to brothels after talking business over dinner, spending more than €71,000 on “entertaining” over five years.
German industrial giant ThyssenKrupp said Tuesday it has agreed to sell its stainless steel unit Inoxum to Finnish group Outokumpu in a deal which valued the business at €2.7 billion ($3.6 billion).
German heavy industry giant ThyssenKrupp said on Monday it had agreed to sell its non-military shipbuilding activities Blohm + Voss to British investment fund Star Capital Partners.
