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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