Finance
Thyssenkrupp books $477 million restructuring charge at steel division
Published by Global Banking & Finance Review®
Posted on February 12, 2026
1 min readLast updated: February 12, 2026
Quick Summary
Thyssenkrupp incurs a €401 million charge for restructuring its steel division, leading to a significant net loss and affecting talks with Jindal Steel.
Thyssenkrupp Announces €401 Million Charge for Steel Division Restructuring
Thyssenkrupp's Financial Challenges
FRANKFURT, Feb 12 (Reuters) - Thyssenkrupp on Thursday unveiled 401 million euros ($477 million) in expenses to fund far-reaching job cuts at its steel division, as the German industrial conglomerate continues talks with India's Jindal Steel over a sale of the business.
Impact of Restructuring Charges
As a result of the charges, Thyssenkrupp's first-quarter net loss widened to 353 million euros. Analysts polled by LSEG had, on average, expected a net profit of 32 million euros for the period.
Analysts' Expectations vs. Reality
($1 = 0.8411 euros)
(Reporting by Christoph Steitz. Editing by Jane Merriman)
Key Takeaways
- •Thyssenkrupp announces a €401 million restructuring charge.
- •The charge is aimed at job cuts in the steel division.
- •First-quarter net loss widened to 353 million euros.
- •Analysts expected a net profit of 32 million euros.
- •Ongoing talks with Jindal Steel for a business sale.
Frequently Asked Questions about Thyssenkrupp books $477 million restructuring charge at steel division
1What is a restructuring charge?
A restructuring charge is an expense incurred by a company to reorganize its operations, often involving layoffs, facility closings, or other significant changes aimed at improving efficiency and reducing costs.
2What is a net loss?
A net loss occurs when a company's total expenses exceed its total revenues during a specific period, indicating that the company is operating at a financial deficit.
3What is a financial challenge?
A financial challenge refers to difficulties a company faces in managing its finances, which can include issues like cash flow problems, debt management, or declining revenues.
4What is corporate restructuring?
Corporate restructuring involves reorganizing a company's structure, operations, or finances to improve efficiency, adapt to market changes, or address financial difficulties.
