GBAF Logo
Finance

Thyssenkrupp CEO predicts decisive year in company's transformation

Published by Global Banking & Finance Review

Posted on January 27, 2025

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Thyssenkrupp CEO Miguel Lopez discusses company transformation - Global Banking & Finance Review
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.
portfolios corporate strategy job creation financial community capital and liquidity
Global Banking & Finance Awards 2026 — Call for Entries

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

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

What 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.
How 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.
What 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.

Tags

Related Articles

Image for Trump says he speaks with Putin and Zelenskiy -Fox News

Trump says he speaks with Putin and Zelenskiy -Fox News

Image for Trump tells Fox News Iran can call US if it wants to negotiate

Trump tells Fox News Iran can call US if it wants to negotiate

Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security

Australia's Wong to visit Japan, China, South Korea to discuss energy security

Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Image for Russian defence minister visits North Korea

Russian defence minister visits North Korea

More from Finance

Explore more articles in the Finance category

Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Image for Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Image for France's Macron says EU mutual assistance clause is unambiguous
France's Macron says EU mutual assistance clause is unambiguous
Image for US to let Venezuela pay Maduro's lawyer in drug trafficking case
US to let Venezuela pay Maduro's lawyer in drug trafficking case
Image for Italy votes down equal parental leave while fathers redefine their role online
Italy votes down equal parental leave while fathers redefine their role online
Image for German auto industry faces even tougher competition as China economy slows
German auto industry faces even tougher competition as China economy slows
View All Finance Posts