ThyssenKrupp

German multinational conglomerate steel corporation

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2024 ThyssenKrupp continued to struggle financially, reporting a net loss of -€1.506 billion.
November 2024 ThyssenKrupp announced plans to lay off approximately 5,000 jobs at its steel subsidiary by 2030 and outsource an additional 6,000 jobs.
August 15 2024 A major fire broke out at the ThyssenKrupp warehouse in Völklingen, destroying a building storing plastic products and solar panels. The fire was extensive, requiring 200 firefighters to battle the blaze for over 30 hours, with the building's roof ultimately collapsing.
2023 The company faced financial challenges again, reporting a net loss of -€2.072 billion.
October 1 2023 ThyssenKrupp instituted Decarbon Technologies, a new green energy division focused on developing energy solutions.
2022 ThyssenKrupp returned to profitability, reporting a net income of €1.136 billion, marking a positive financial turnaround.
2020 ThyssenKrupp experienced significant financial struggles, reporting a loss of over €5.5 billion and announcing plans to cut over 11,000 jobs, with 7,000 job cuts located in Germany.
2020 The company experienced a significant financial downturn, reporting a substantial net loss of -€5.541 billion, likely impacted by the global COVID-19 pandemic.
September 30 2020 ThyssenKrupp reported total emissions of 22,700 kilotonnes, representing a 5.8% reduction compared to the previous year's emissions of 24,100 kilotonnes.
July 2020 The sale of the elevator segment was completed, creating a new stand-alone company.
February 2020 ThyssenKrupp AG's board decided to sell its elevator segment to Advent International, Cinven, and RAG foundation for $18.9 billion.
2019 The European Commission prohibited the proposed merger between ThyssenKrupp and Tata Steel due to competitive concerns.
May 2019 ThyssenKrupp cancelled its previously announced plan to split into two companies: ThyssenKrupp Industrials and ThyssenKrupp Materials.
June 2018 ThyssenKrupp signed a final agreement with India's Tata Steel to establish a 50-50 joint venture called Thyssenkrupp Tata Steel, becoming the second-largest steel producer in Europe after ArcelorMittal.
September 2017 ThyssenKrupp and Tata Steel announced plans to combine their European steel-making businesses, proposing a 50-50 joint venture to be headquartered in Amsterdam.
December 8 2016 The company publicly disclosed the cyber attack that had occurred earlier in the year, revealing the extent of the information retrieval by hackers.
April 2016 ThyssenKrupp's IT team internally uncovered the cyber attack from February and began working to address the security breach.
February 2016 ThyssenKrupp experienced a major cyber attack originating from South-East Asia, which successfully retrieved information from various departments, including the plant engineering division.
2015 ThyssenKrupp continued to improve financially, reporting a net income of €0.279 billion.
April 2015 ThyssenKrupp announced a significant investment of over €800 million in the North American region, targeting economic reindustrialization by 2020.
2014 The company achieved a minimal positive net income of €0.009 billion, showing a slight recovery from the previous year's substantial loss.
2013 ThyssenKrupp reported a net income of -€1.589 billion, indicating significant financial challenges during this fiscal year.
2012 ThyssenKrupp and other European companies were attacked by Chinese hackers, targeting their trade secrets and digital infrastructure.
June 2012 ThyssenKrupp sold ThyssenKrupp Waupaca to KPS Capital Partners, a tier two automotive industry supplier located in Waupaca, Wisconsin.
2011 ThyssenKrupp sold XERVON to Remondis.

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