Corruption probe takes in ThyssenKrupp subsidiary
An investigation into corporate corruption allegations in Asia appears to have widened and now includes a subsidiary of German steel concern ThyssenKrupp.
ThyssenKrupp ship joint venture runs aground
German steel group ThyssenKrupp said on Friday that talks to create a broad joint venture with Abu Dhabi MAR had broken down, a setback for the German company's plans to reduce debt.
Wulff cancels ThyssenKrupp trip after hearing of job losses
German President Christian Wulff cancelled a visit to the new ThyssenKrupp steel works in Rio de Janeiro on Friday evening after hearing about the company’s restructuring programme which will mean the loss of 35,000 jobs.
Industry boss sentenced to jail in Italy
An Italian court on Friday sentenced German steelmaker ThyssenKrupp's director-general in Italy to 16.5 years in jail for the deaths of seven workers after a fire at its Turin plant in December 2007.
DAX companies oppose gender quota
A new survey shows Germany’s largest companies are overwhelmingly opposed to a mandatory quota for women in executive positions, with only one firm coming out in favour.
ThyssenKrupp abandons Iran
ThyssenKrupp on Thursday became Germany's latest corporate giant to announce it was pulling out of Iran as part of Western pressure on the Islamic republic over its nuclear programme.
ThyssenKrupp posts strong Q1 profit
The German steel group ThyssenKrupp posted on Friday a first quarter profit that was much better than expected, but warned a recovery remained fragile because sales would level off this year.
Steel giant Thyssenkrupp to slash 20,000 jobs
Thyssenkrupp said on Friday it would slash its workforce worldwide by about 20,000 in the coming year, as the steelmaker battles with record losses and an industry in crisis.
Steel production drops by half
The world economic crisis has officially reached the German steel industry. New statistics published on Tuesday revealed that only half as much steel was produced in March as in the same month last year.