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Posted by
Two Blokes May 16 -
Filed in
Stock
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2 views
Thyssenkrupp's marine systems business has a good outlook, but the other businesses are struggling amid trade breakdowns and general economic malaise. The company which is big in steel is planning an overall capitulation in the business, permanently reducing supply, and looking to sell more of the business to outside investors. Restructuring in German businesses is tough since trade unions are strong in this market, and it could protract savings timelines.
