thyssenkrupp (Industrial and technology)
AlphaValue
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Note: This is a daily stock update and the information stands true as of 26/11/24, 09:00 CET.
Company Update: Thyssenkrupp is planning to significantly reduce costs. The company will drop production from 11mt to the 8.7mt-9.0mt range.
They will close the processing site of Kteutzal-Eichen and will cut 5k positions in production and administration. Another 6k jobs are to be transferred to external service providers or shed through the sake of smaller businesses.
The question of HKM remains open. They wish to dispose of their stake in HKM but it is unclear who could buy their stake.??
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