The CEO of Thyssen-Krupp should actively shape the transformation of the steel division.
(Photo: dpa)
German industry has meanwhile become accustomed to the fact that long-term strategies are only valid until an external crisis calls everything into question again. Since the beginning of the pandemic, many companies have therefore been driving “on sight” – which means keeping all options open at all times in order to be able to react flexibly to new circumstances.
This also includes Thyssen-Krupp’s decision not to make the steel division independent for the time being in view of the Ukraine war. She is understandable. Because at the moment it is hardly possible to reliably estimate how much capital will be needed to cushion the consequences of the war and at the same time to finance the switch to climate-neutral production processes in steel production.
The works council expects a financial requirement of 3.2 billion euros. It would be negligent to release the steel division into independence in such a situation.
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