[ad_1]
The management crisis in Thyssenkrupp increases the fear of dividing the group. That should not come, demanded the head of the general company committee, Wilhelm Segerath, Tuesday in Essen.
After President Heinrich Hiesinger, the Chairman of the Supervisory Board, Ulrich Lehner, had also thrown in the towel. Lehner called the lack of confidence of major shareholders as a reason for his resignation.
A joint agreement to the Supervisory Board on Strategic Alignment was no longer given, it was said.
The share price of the industrial group increased after the resignation of Lehner four percent. Investors are apparently hoping for a radical reorganization of the 200-year-old company with its 160,000 employees.
For employees, it's now about securing jobs, said Segerath: "We want to work with the Foundation and all shareholders, to get the business."
Management was pushed by shareholders such as Swedish financial investor Cevian and US hedge fund Elliott to demand a transformation faster group.
Some investors push for the destruction of the conglomerate, apparently with the aim of making individual divisions as profitable as possible and partly for sale. Especially in the core business, the steel division, the business is not going so well. Hiesinger is always committed to preserving the group as a whole.
Source link
