August 13, 2020

Thyssenkrupp’s losses widen on virus lockdowns

Berlin (AFP) – Beleaguered German industrial conglomerate Thyssenkrupp said Thursday that its losses widened in the third quarter as a result of plant closures related to the coronavirus pandemic. The steel-to-submarines group, already struggling before the pandemic hit, said in a statement that it booked a net loss of 678 million euros ($800 million) in the three months to June.That was much wider than a loss of 94 million euros a year earlier, but narrower than the 948-million-euro loss recorded in the preceding three months. “Thyssenkrupp’s performance in the first nine months of the curren…


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