Thyssenkrupp closes work in Hagen - 300 jobs affected!

Thyssenkrupp closes work in Hagen - 300 jobs affected!

Hagen, Deutschland - Thyssenkrupp has decided to close his work for feathers and stabilizers in the Hagen district of Hohenlimburg. Around 300 jobs are affected, which are to be dismantled in a transition period of two years. The reason for this drastic decision are the persistently weak automotive economy in Europe, economic pressure as well as increased energy costs and strong competitive pressure from China, such as oe24.at

Mario Gropp, the head of the business unit feathers and stabilizers, describes the closure as the "only responsible solution" to stabilize the business area. The closed business unit belongs to the Automotive Technology Group segment and supplies some of the largest automobile manufacturers with important chassis components. Thyssenkrupp is already in sales negotiations for this business area to completely withdraw from the area of "springs and stabilizers".

consequences for the employees

The closure of the work comes at a time when the German automotive industry has a small increase in the number of employees. In 2023, an average of 779,700 people were employed in the sector, which corresponds to an increase of around one percent compared to the previous year. This trend, reports [vda.de] (https://www.vda.de/de/themen/automobil industrie/marktwicklungen/beschaftlungs-und-beshaftlungs development), but is influenced by new company settlements and cannot hide the fact that the number of employees has dropped by about 54,300 people since 2018.

The closure of the springs will therefore be an additional challenge for the region that is already fighting with the effects of the automotive crisis. Despite the closure, it is planned that around 30 to 40 jobs may be preserved as part of a future change of ownership.

market development in the automotive industry

The current situation in the automotive industry is tense. The structural problems and the weakening market demand put numerous companies under pressure. Further developments are to be seen, in particular whether the sales negotiations will run in a positive direction. While some manufacturers like the large automobile producers record climbs, the market remains challenging for many suppliers, including Thyssenkrupp. As reports yahoo.de, in addition to the internal challenges, external factors such as the rapidly increasing energy costs for the decision to close the Hagen work have been decisive.