Financial Statements and Management Report - Thyssenkrupp

1.6 Management report Expected developments and associated opportunities and risks
pension plans in the future due to stricter statutory requirements. In individual cases, the premature
cancellation of a pension plan may necessitate an additional allocation.
Personnel risks
Our staff and managers with their commitment to ThyssenKrupp are of central importance to our success.
To find key personnel to fill vacancies and avoid losing competent employees, we position ourselves as an
attractive employer and promote the long-term retention of employees in the Group. We offer executives an
ongoing management development program, career prospects and attractive incentives, while our staff
receive targeted mentoring. We inform interested young people about career opportunities at ThyssenKrupp
from an early stage and support apprentices as they start work. Our cooperation with key universities and
early contacts with talented students also help us secure the young people we need for our workforces.
General economic risks
We expect further growth of the global economy in 2012. However, our forecasts are subject to great
uncertainties. For the industrialized countries there is a risk of a further slowdown in the economy, in
particular on account of the debt crisis in some countries and the associated turbulence on the financial
markets. If growth in the emerging countries fails to match expectations, the risk of a global economic
downturn will increase. This would impact demand on the markets important to us.
No threat to existence of the Company
The overall risk situation at ThyssenKrupp AG continues to be manageable. Our continuous risk
management activities with tailored risk control in all business operations play a key role in this. The
existence of the Group is secured.
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