Thyssenkrupp closes work in Hagen: 300 jobs in danger!

Thyssenkrupp closes work in Hagen: 300 jobs in danger!

Thyssenkrupp Automotive has announced today that the springs in Hagen-Hohenlimburg will be closed. This affects around 300 employees. The decision was made by Managing Director Mario Gropp, who describes the closure as the "only responsible solution", in view of the difficult economic framework in the automotive industry.

The reasons for the closure are diverse. A weak automotive economy, the increased energy prices and high wage costs have significantly affected the competitiveness of the Hagen location. Thyssenkrupp also sees increasing pressure from the competition from China. The too low utilization of the work also plays a crucial role, as from the reports of schwaebische-post.de emerges.

social effects and planned measures

The work is to be closed over the next two years, whereby the company would like to take up discussions about socially acceptable job cuts. Eric, an employee, expressed concern for the future of many families and emphasized the need for a fair solution. Thyssenkrupp plans to negotiate a social plan and compensation for interests together with the works council and the IG Metall. In Hagen, 30 to 40 jobs are said to be preserved.

The work in Hagen produces springs and stabilizers for renowned automobile manufacturers. The "Springs and Stabilizers" division is to be sold, whereby the sales negotiations are continued in parallel to the closure. Despite the efforts to find potential buyers, Thyssenkrupp has so far not been able to identify interested parties.

market developments and challenges for the industry

The automotive industry is facing serious challenges in Europe and Germany. Numerous companies, including well -known manufacturers such as Volkswagen, BMW and Mercedes, report significant declines in the profits. Volkswagen reported a 41 percent drop in profit in the first quarter of 2025, while other large manufacturers are also affected by similar financial difficulties. This has an impact on the entire supply industry, where ZF Friedrichshafen, for example, is planning to reduce between 11,000 and 14,000 jobs in Germany by the end of 2024.

In addition to the difficulties in Hagen, a lime plant in the Sauerland is also affected by closings, which could lead to further job losses. These developments illustrate the tense situation of the automotive suppliers, such as the IW Köln analyzed in its current report.

The economic challenges that not only affect Thyssenkrupp, but the whole industry, require urgent solutions. The closure of the Hagen location is one of the sad examples of the current structural problems in the automotive industry.