Published: 11 Dec 12 07:49 CET | Print version
Online: http://www.thelocal.de/money/20121211-46687.html
German heavy industry giant ThyssenKrupp said on Monday it would not pay any annual dividends after it posted a loss of €4.7 billion for the year following a write-down of two loss-making steel plants.
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Your comments about this article:
Merkel isn't even a board member, so get some facts before putting your regular comment.
I thought Germany under Merkyl's guidance was immune to the economic downturn. Oder?
'But the steel business is highly cyclical and has been severely hit by the economic downturn.'
You're going to have to come up with something better than this to blame Merkel. Like I say get some facts to back up your argument.............
If following your logic Merkel is responsible for all economic outcomes (even outside europe?) then she is also responsible for record sales at Audi, VW, Mercedes and BMW.
TK invested somewhere in the neighbor hood of 12B euros in the American and Brazilian projects.