thyssenkrupp boss Miguel López described the merger of Krupp and Thyssen 25 years ago as one of the most important mergers in German economic history.
“This has resulted in a globally recognized brand that stands for high technological competence and innovation,” explained López when asked by the German Press Agency.
The company has changed and helped shape change. “That’s exactly what we’re doing again now,” said the manager. “With the climate-neutral transformation of global industry, we are aligning the company with climate-friendly technologies and making thyssenkrupp a pioneer of green transformation.” The industrial group, which merged from the traditional companies, was entered in the commercial register on March 17, 1999 under the name thyssen Krupp AG.
The chairman of the group works council, Tekin Nasikkol, emphasized the role of employees in the merger. The initially planned hostile takeover by Krupp led to great fears and insecurities among employees, explained Nasikkol. “Our industrial action and solidarity have paved the way to a friendly merger.”
The fear of a break-up could be counteracted. “The role of co-determination was crucial for the success of the merger and for the integration of employees from two traditional companies.” Industrial history was written with the merger. “We currently have to ensure that thyssenkrupp remains as an important company in the Federal Republic of Germany in the future.”
thyssenkrupp shares have now risen by 2.25 percent to 4.70 euros in the XETRA business.
/tob/DP/eg
FOOD (dpa-AFX)
Selected leverage products on thyssenkrupp
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on thyssenkrupp
The leverage must be between 2 and 20
Advertising