ThyssenKrupp planned up to 180 job cuts. ThyssenKrupp stock falls 4.21 percent

Published on 10/08/2026 at 12:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Automotive Technology set a new structure for January 1, 2027. ThyssenKrupp stock costs EUR 12.85 on October 8, 2026 after EUR 13.42.

Isometrisches 3D-Prozessdiagramm der Stahl-Wertschöpfungskette bis zum Aufzug — thyssenkrupp AG (DE0007500001): isometrisches 3D-Diagramm der industriellen Wertschöpfungskette von Roherz bis zum fertigen Aufzug, Illustration mit AI erstellt.

ThyssenKrupp (ISIN DE0007500001) was trading at EUR 12.85 at Lang & Schwarz on October 8, 2026, at 12:35 p.m. CEST. As Reuters reported on September 30, 2026, the company had planned to cut 160 to 180 jobs in Automotive Technology, while the stock was down 4.21 percent versus the Xetra close of EUR 13.42 on October 7, 2026.

Automotive unit targets January reorganization

The planned reductions affect Essen and Ennepetal and mainly concern development, engineering, operational coordination and quality management. The new structure is scheduled to begin on January 1, 2027, while shock absorber production in Ennepetal is set to continue unchanged, Reuters reported.

The measures are part of a broader effort to concentrate steering, damping, axle and systems expertise in international competence centers. For investors, the key issue is whether the reorganization reduces complexity without weakening the automotive unit's industrial capabilities.

Steel strategy sets a higher profit bar

ThyssenKrupp's steel division had set a medium-term target of at least EUR 1.2 billion in adjusted earnings before interest, taxes, depreciation and amortization, up from EUR 400 million expected for the fiscal year ending September 30, 2026. Reuters reported the comparison on September 28, 2026.

The division also targeted an adjusted EBITDA margin above 11 percent, compared with more than 4 percent in the current fiscal year. The comparison gives the stock a second valuation reference beyond the automotive restructuring, but the target has no firm achievement date.

Stock trades below its yearly high

The Lang & Schwarz price of EUR 12.85 stood 19.03 percent below the 52-week high of EUR 15.87 and 80.48 percent above the 52-week low of EUR 7.12 on October 8, 2026. The market capitalization was EUR 8.0 billion and trading volume was 565,560 shares at the finance quote timestamp of 12:25 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of ThyssenKrupp stock.