Thyssenkrupp plans to turn the business into its biggest profit engine. He sent employees a memo stating that the company intends to increase earnings before interest and taxes at Steel Europe to an average of € 600 million in the coming years, driven by job cuts and increased auto sales, making it the backbone of the conglomerate's post the expected sale or listing of its elevators division.
The letter says: “Our plan is a clear strategy to strengthen the long-term competitiveness and viability of Thyssenkrupp Steel. We cannot just continue as before, if we do not take the missed boat into the future. "
The letter says that “Steel Europe will cut up to 1,000 administration jobs and another 200 employees will be affected in its operations.
The letters added that Steel Europe's heavy plate and electric steel mills will either be restructured, sold or phased out, with decisions expected in the coming months. ” Thyssenkrupp also said it plans to increase steel supplies to an average of 11.5 million tonnes per year, up from 11 million tonnes in 2018.
Thyssenkrupp outlines a plan for the reorganization of the steel block
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Azovpromstal® 5 December 2019 г. 13:36 |
