Thyssenkrupp will make sweeping job cuts and give an update on the new company structure in November, the company's new Chief Executive Martina Merz told employees on Wednesday.

Thyssenkrupp CEO announces sweeping job cuts

Thyssenkrupp said it was preparing to replace its chief executive Guido Kerkhoff, making him the latest casualty at the German steel-to-submarines conglomerate which has been in crisis mode for more than a year.

Thyssenkrupp plunged into turmoil as CEO Kerkhoff set to leave

Management and labour leaders at Germany's ThyssenKrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs.

Germany's ThyssenKrupp agrees restructuring approach with labour leaders

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Thyssenkrupp CEO announces sweeping job cuts

Thyssenkrupp plunged into turmoil as CEO Kerkhoff set to leave

Germany's ThyssenKrupp agrees restructuring approach with labour leaders