To generate positive earnings throughout an entire cycle, management has introduced a new, five-year restructuring programme called ‘one steel’. Details have not been released but management is confident that this will allow the division to continually generate earnings that at least match divisional cost of capital. To deal with constantly lower prices than in the past, costs have to be reduced further and the division intends to increase the amount of products that generate high
07 Dec 2015
New restructuring programme for Steel Europe
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New restructuring programme for Steel Europe
thyssenkrupp AG (TKR:WBO) | 0 0 0.4% | Mkt Cap: 14,231m
- Published:
07 Dec 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
To generate positive earnings throughout an entire cycle, management has introduced a new, five-year restructuring programme called ‘one steel’. Details have not been released but management is confident that this will allow the division to continually generate earnings that at least match divisional cost of capital. To deal with constantly lower prices than in the past, costs have to be reduced further and the division intends to increase the amount of products that generate high