thyssenkrupp Steel Europe AG and the IG Metall union have reached an agreement in principle for the upcoming restructuring of the company. The further negotiating process should lead to a collective-bargaining agreement by summer 2025.
The agreement builds on the industrial concept presented in November 2024 to make

thyssenkrupp AG (thyssenkrupp)’s management of the Springs and Stabilizers business unit has decided to phase out production at the Hagen site in Germany and close the Competence Center there. This move will affect around 300 jobs, which will be cut over the next two years.
The business unit's headquarters will be gr

thyssenkrupp Bilstein, a subsidiary of thyssenkrupp AG, has entered a strategic cooperation with Shanghai Baolong Automotive Corporation (Baolong Automotive) to offer a one-stop-shop solution for shock absorbers and air springs for global automotive OEMs.
The partnership aims to increase customer value by reducing co

On April 4, thyssenkrupp Steel Europe AG announced the termination of the supply contract with Hüttenwerke Krupp Mannesmann (HKM). As a result of the planned termination, thyssenkrupp Steel Europe's obligation to purchase around 2.5 million metric tons of steel per year will expire on December 31, 2032, at the latest

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that its CO2-reduced bluemint high-performance electrical steel, powercore traction NGO 025-125Y420, was integrated into a new type of rotor technology demonstrator.
The rotor demonstrator was developed and built as part of a consortium study by

thyssenkrupp AG (thyssenkrupp)’s Automotive Technology segment announced additional cost-cutting measures in response to ongoing challenging market conditions in the global automotive industry. The goal is to achieve a global cost reduction of over EUR 150 million, resulting in around 1,800 job cuts.
The measures inc

thyssenkrupp AG (thyssenkrupp) has completed the sale of thyssenkrupp Electrical Steel India Private Ltd. for approximately EUR 440 million. The buyer is a joint venture between (i) JSW Steel Ltd, India's largest steelmaker and part of the JSW Group, and (ii) JFE Steel Corp., Japan's second-largest steelmaker.
The Na

thyssenkrupp AG (thyssenkrupp) announced that thyssenkrupp Steel has started the operation of the new annealing and isolating line for e-mobility at the Bochum site in Germany.
The new EUR 150 million line enables the plant to produce up to 0.2 mm thin electrical sheets with homogeneous mechanical and magnetic proper

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced a plan to cut around 5,000 jobs by 2030 through adjustments in production and administration.
Meanwhile, an additional 6,000 jobs will be transferred to external service providers or eliminated through the sale of business activities.
This plan

On October 23, thyssenkrupp Automotive Technology announced that it is presenting the latest innovations and developments for the automotive industry together with thyssenkrupp Steel at International Suppliers Fair (IZB) in Wolfsburg.
It will premier an electric refrigerant compressor specially developed by thyssenkr

On October 22, VW announced the signing of a Memorandum of Understanding (MoU) with thyssenkrupp Steel, a unit of thyssenkrupp AG, at the International Suppliers Fair (IZB) in Wolfsburg, Germany.
The agreement ensures VW will receive low-carbon steel from Thyssenkrupp's future direct reduction plant, supporting the O

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that it will present products and solutions for automotive industry at the IZB 2024 in Wolfsburg (Germany) from October 22 to 24, together with thyssenkrupp Automotive.
The highlights include (i) bluemint Steel, products for CO2-reduced steels,

thyssenkrupp AG (thyssenkrupp) announced that the Supervisory Board of thyssenkrupp Automation Engineering has decided to phase out the powertrain activities at the Bremen site in Germany by 2026. This decision is due to structural changes in the automotive market, particularly the shift toward e-mobility.
In the fut

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that it will present its latest technologies for e-mobility and energy efficiency, together with thyssenkrupp Electrical Steel, at Coiltech 2024 in Pordenone, Italy, from September 18 to 19.
The highlights include non-grain-oriented (NO) and gra

thyssenkrupp AG (thyssenkrupp) has decided on a structural realignment in its Automotive Body Solutions’ project business to improve competitiveness and profitability in a challenging market environment.
Market and competitive conditions in the project business, particularly in body-in-white production lines, have on

thyssenkrupp AG (thyssenkrupp) completed the sales of 20% stake in its steel business to the energy company EP Corporate Group (EPCG) on July 31, 2024.
EPCG now holds a 20% share in thyssenkrupp's steel business in accordance with the agreement dated April 26, 2024. This is an important step for thyssenkrupp Steel Eu

thyssenkrupp AG announced that thyssenkrupp Dynamic Components has won a 10-year contract to supply truck camshafts at its Chemnitz site for a well-known commercial vehicle manufacturer.
The volume is expected to include 200,000 ready-to-install drive train components per year. Production will start from summer of 20

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced the renovation and modernization work at the central production units at its Duisburg location. The total investment for all projects is in the high three-digit million range.
The major projects include the renewal of the continuous casting line

thyssenkrupp AG’s Automotive Technology division has examined options for the future of powertrain business at the Bremen site in Germany due to structural changes in the automotive market.
The powertrain business is part of the Automation Engineering business unit. It has been facing major challenges for years and i

Several media sources reported that thyssenkrupp has acquired machines for structural improvements for its plant in Paraná, Brazil.
This acquisition is part of the recently announced investment cycle of BRL 120 million for its automotive operations in the country and which extends until 2027.
The thyssenkrupp steerin