Background and Strategy
Thyssenkrupp plans to restructure into a financial holding starting in 2025 to increase flexibility and facilitate the sale of business segments. This strategic realignment is necessary to make the company more competitive and improve efficiency. A key aspect of this restructuring is the reduction of operational substance through the sale of business areas such as the steel division and Thyssenkrupp Marine Systems.
Impact on Corporate Structure
The transformation into a financial holding will bring significant changes to the corporate structure:
- Reduction of Headquarters: The number of employees at headquarters is to be reduced from 500 to 100.
- Sale of Business Areas: The steel division and the shipyard are the focus of the sale considerations.
- IPO of Material Trading: Material trading is also to be removed from the portfolio to unlock new investment opportunities.
Impact on Workforce
The planned measures will have significant impacts on the workforce:
- Job Cuts: In addition to the headquarters reduction, another 1000 positions could be cut in administration.
- Changes in Business Areas: The sale of business segments could lead to further changes for employees.
Impact on Investors
The transformation of Thyssenkrupp into a financial holding and the associated changes will also affect investors:
- Volatility of the Stock: The restructuring leads to high volatility of the stock, which is typical for companies in transformation.
- Business Model and Revenue: Revenue has declined, and the operating margin has significantly reduced. However, special effects such as the sale of business areas have positive effects on the results.
- Investment Decisions: Investors need to consider the company’s long-term strategy and the impact of restructuring on the business model.
Overall, the transformation of Thyssenkrupp into a financial holding will bring profound changes affecting both the corporate structure and investors.