Apr 24, 2024 12:30 PM
Changed business model aims to sustainably improve competitiveness and profitability
Focus on materials-related service business takes account of changing customer needs
Transformation plan also includes job cuts and site closures
thyssenkrupp Schulte, the leading German materials distribution and service provider, is implementing a strategic realignment of its business model in order to consolidate and further expand its market position. The aim is to make structural changes to the company to optimally position it for current and future challenges.
In view of the persistently difficult market conditions in Germany and the process of change in which the European industry and especially the steel and materials distribution business find themselves, thyssenkrupp Schulte's transformation is aimed at aligning the business model even more closely to the constantly changing needs of customers. While demand for materials has been declining for years, another trend is continuing: increasing customer demand for materials-related services. As part of its "Materials as a Service" strategy, thyssenkrupp Schulte has already successfully addressed this trend in Germany. However, in addition to the transformation of the business model, fundamental structural adjustments are necessary to better respond to market changes in the future. The company will focus on strengthening and expanding its service business.
As part of the restructuring, job cuts and the closure of several sites are unavoidable. In total, approximately 450 jobs are to be affected. The goal is to make the restructuring socially responsible. Discussions with the relevant co-determination bodies on the details of the transformation will begin shortly.
thyssenkrupp Schulte will continue to be present throughout Germany and offer its customers a comprehensive range of products and services in all regions.
thyssenkrupp Schulte GmbH, headquartered in Essen, is part of thyssenkrupp Materials Services and is the leading materials trader and service provider for steel, stainless steel and non-ferrous metals in Germany. Through a network of over 40 locations, it serves customers from various sectors of the manufacturing industry, including industry, trade and construction. The portfolio ranges from a broad product range of flat products, profiles and tubes to competent expert advice and a comprehensive range of services along the value chain. thyssenkrupp Schulte currently employs around 2,300 people.