Thyssenkrupp strategizes restructuring: "We maintain command over our operations"
Restructuring at Thyssenkrupp: Strategic Transformation Towards Independent Business Units
German conglomerate Thyssenkrupp has announced a strategic reorganization, aiming to transform into a holding structure with standalone business units. By 2025, the company intends to become a strategic holding company, overseeing independent entities such as Thyssenkrupp Steel Europe, Thyssenkrupp Marine Systems, Material Services, Automotive Technology, and a new Decarbon Technologies segment focusing on green technology markets.
CEO Miguel Ángel López affirmed that the majority of shares will remain with Thyssenkrupp. In partnership with equity group EPG, Thyssenkrupp Steel Europe plans a 50/50 joint venture. Thyssenkrupp Marine Systems is preparing for a partial spinoff, potentially listing on the Frankfurt Stock Exchange. Similarly, spin-offs for Material Services and Automation Technology divisions are planned to engage with the capital market.
IG Metall, a leading trade union, demands transparency and opposes dismissals due to operational reasons. Thyssenkrupp and IG Metall have collaborated to develop an industrial concept for Thyssenkrupp Steel Europe. An agreement in principle on necessary restructuring was reached in May 2025, aiming for a collective bargaining agreement by summer. Both parties strive to prevent operational layoffs during the transformation and have implemented measures like a recruitment freeze and cost optimizations to boost efficiency without triggering job cuts.
The strategic restructuring aims to enhance entrepreneurial flexibility, improve investment plans, and unlock value creation, while retaining controlling stakes in most units except the joint steel venture [3][4][5]. The transformation is expected to conclude by September 30, 2025. The new organizational model is anticipated to boost growth by attracting third-party investments and improving investor transparency.
What will be the status of Thyssenkrupp's business units after restructuring, as stated by the CEO?These independent business units are expected to attract third-party investments and improve investor transparency, as part of a strategy to boost growth.
