Reference News, September 30 report: According to the German magazine Wirtschaftswoche, issue of September 26, the German steel industry giant Thyssenkrupp, which has a history of more than 200 years, has been performing poorly in recent years. Therefore, CEO Miguel Lopez has decided to make drastic reforms. He plans to split the group's business, list the profitable subsidiaries, and let the unprofitable subsidiaries go bankrupt. Specifically, due to the Ukraine war greatly stimulating military demand, Thyssenkrupp Marine Systems, which produces submarines and warships, is doing well and will soon be listed. Although the steel division is at risk of bankruptcy, it may be revived by the Indian JSW Steel Company's intention to acquire a majority stake. The trading division, automotive parts division, and plant construction division of Thyssenkrupp Group will also be restructured.
Front cover of Wirtschaftswoche, issue of September 26, Germany
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