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    Home > Finance > Thyssenkrupp CEO predicts decisive year in company's transformation
    Finance

    Thyssenkrupp CEO predicts decisive year in company's transformation

    Published by Global Banking and Finance Review

    Posted on January 27, 2025

    1 min read

    Last updated: January 27, 2026

    The image features Thyssenkrupp CEO Miguel Lopez addressing shareholders about the company's significant transformation plans for 2025, highlighting job cuts in the steel sector.
    Thyssenkrupp CEO Miguel Lopez discusses company transformation - Global Banking & Finance Review
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    Tags:portfolioscorporate strategyjob creationfinancial communitycapital and liquidity

    Quick Summary

    Thyssenkrupp's CEO Miguel Lopez forecasts 2025 as a crucial year for the company's transformation, with major job cuts and outsourcing in the steel sector.

    Thyssenkrupp's CEO Anticipates Key Transformational Year Ahead

    DUESSELDORF (Reuters) - The CEO of German industrial group Thyssenkrupp said on Monday that 2025 would be a decisive year for the group's ongoing transformation.

    "The current business year will be a year of decision-making when it comes to our portfolio," CEO Miguel Lopez said in a transcript of his speech to shareholders, to be delivered at the company's annual general meeting on Friday.

    He added that Thyssenkrupp's embattled steel business would cut around 5,000 jobs and outsource a further 6,000 positions to contractors.

    (Reporting by Tom Kaeckenhoff; Writing by Ludwig Burger; Editing by Rachel More)

    Key Takeaways

    • •Thyssenkrupp's CEO Miguel Lopez anticipates 2025 as a decisive year.
    • •The company plans significant portfolio decisions this year.
    • •Thyssenkrupp will cut 5,000 jobs in its steel business.
    • •An additional 6,000 positions will be outsourced to contractors.
    • •The transformation aims to stabilize the company's future.

    Frequently Asked Questions about Thyssenkrupp CEO predicts decisive year in company's transformation

    1What year does Thyssenkrupp's CEO predict will be decisive for the company?

    CEO Miguel Lopez stated that 2025 would be a decisive year for the group's ongoing transformation.

    2How many jobs will Thyssenkrupp's steel business cut?

    Thyssenkrupp's steel business plans to cut around 5,000 jobs and outsource a further 6,000 positions to contractors.

    3What did CEO Miguel Lopez say about the current business year?

    He mentioned that the current business year will be a year of decision-making regarding their portfolio.

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