Overview

• Thyssenkrupp has finalized plans to close its Hagen-Hohenlimburg spring plant, citing economic pressures including weak automotive demand, high energy costs, and competition from China.
• Approximately 300 employees are expected to lose their jobs as part of the plant's closure, which will occur over a multi-year transition period.
• The company will retain 30–40 positions during a two-year transition, with the potential for roles to continue under a new owner pending ongoing sales negotiations.
• Thyssenkrupp is advancing its exit from the springs and stabilizers business, including the sale of the Hagen plant and its associated development and prototyping competence center.
• The restructuring reflects broader challenges facing German industry, with unions and regional governments urging measures to mitigate the social impact of job losses.