Overview

• Thyssenkrupp will reorganize into a holding company overseeing five independent businesses by the end of its 2024/25 fiscal year.
• The group plans to retain majority stakes in four units while converting its steel arm into a 50/50 joint venture with Daniel Křetínský’s EP Group.
• Thyssenkrupp Marine Systems is preparing for an initial public offering later this year following an extraordinary shareholder meeting.
• The company reported a €1.5 billion loss in 2023/24 and points to the successful July 2023 spin-off of Thyssenkrupp Nucera as a model for its restructuring.
• Employee representatives from IG Metall and the works council have demanded full transparency and assurances against broad-based layoffs throughout the process.