London/UL (SBB) – German steel and engineering group ThyssenKrupp is reorganising from five divisions into two. The changes involve the departures of Karl-Ulrich Köhler, CEO of the current steel division, and Jürgen Fechter, CEO of stainless steel. The streamlining is designed to secure cost savings of “up to EUR 500m per year,” the company says.
The group’s current steel, stainless and service segments will be combined in a new “materials” division. From 1 April this will be headed by Edwin Eichler, currently head of the group’s elevator business. Köhler and Fechter will stand down from the executive board of ThyssenKrupp AG on 31 March but will continue to act as advisors.
TK will also merge its transport and elevator units into a new “technologies” division. The changes come as the group warned it will make a loss in the second quarter of its financial year (January to March 2009) because of a “drastic slump” in prices and demand for steel. Provided the economic situation improves in the second half of the year, ThyssenKrupp says it expects to report modestly positive operating earnings – before restructuring and project costs.

Name:*

 

E-Mail:*

(Ihre E-Mail wird nicht veröffentlicht)

 

Kommentar:*

 

 

Absenden