A possible separation from the steel division has been in the air for a long time.
(Photo: imago images/Rupert Oberhäuser)
Dusseldorf, Duisburg, Essen It gets loud when 1,500 rain-soaked steelworkers reach Gate 9 of Hüttenwerke Krupp Mannesmann in Duisburg. On March 9th, people from seven locations came together to fight for their jobs. Many are waving the red flags of IG Metall, and the atmosphere is tense. When he thinks about the future of his hut, he feels “defencelessly at the mercy”, says one demonstrator.
Martina Merz, the CEO of Thyssen-Krupp, wants to separate from the steel business. What will happen to the division and its 26,000 employees afterwards, she left open. Details are to be discussed at a special meeting of the Supervisory Board on March 31. The Goldman Sachs investment bank commissioned with the sale has found a possible buyer: the financial investor CVC, who, according to information from the Handelsblatt, only wants to offer one euro. Otherwise, according to corporate circles, interest is rather low.
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