Thyssenkrupp outlines steel unit overhaul - letter
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DUESSELDORF (Reuters) - Thyssenkrupp , whose attempt to merge its steel operations with a rival was thwarted by regulators earlier this year, now plans to transform the business into its biggest profit engine, according to an internal memo seen by Reuters.The German group told staff it aimed to boost earnings before interest and tax (EBIT) at Steel Europe by an average of up to 600 million euros ($661 million) over the coming years, helped by job cuts and selling more to the autos industry. ..