clear of the leadership and strategy crisis that s off to its defies report filled to top management post late on sunday and approved plans to split the company into well he took out cough was approved as the new c.e.o. for the next five years we ll be hearing from him later we want to hear about his plans on where he s taking the company which has faced months of turmoil. this is how german industrial giant is in corp likes to present itself innovative with an eye to the future but the steel and industrial component producer is having to take drastic action to see that future come to pass it plans to split its holding into two new companies to some group supervisory board approved the move at a meeting over the weekend the plan will see one company inheriting to some crops elevator and automotive component production while the second will take over its steel and construction materials manufacturing it s a drastic step but
another company called diamond shipping. one of the world s largest owners and operators of tankers. ross even served as chairman of the company until joining the commerce department. like navigator holdings, ross promised to divest from diamond shipping in november 2017. but, again, there s no evidence he actually did. so let s take a look at some of diamond shipping, in other words, wilbur ross s clients. it s quite the motley crue. there s two of the largest energy companies in russia. there s the notorious russian-state owned industrial giant and the world s largest producer of natural gas. another client is petro china. the chinese state-owned oil and gas company. the brutal communist dictatorship in beijing may be planning world domination, but let s not let that stop americans doing business of them while in office. talk about globalism, wait, he s
but now. just. what the hell am i now. hear me. no challenge is more urgent. we re not the sum of our country we re a shrinking number of people do really well well good morning number barely get by . or we can restore an economy where everyone gets a fair shot and everyone does their fair share and everyone plays by the same federal. these united states are going to fight it with an economic affliction of great proportions it is time to reawaken this industrial giant to get government back
employees. zimmerman s workers took to the streets as the job cuts were announced. the industrial giant said it would slash two percent of its workforce despite billions in profits a decision met with a shock. you know i can t understand it at all i just thought they re playing around or it s incorrect information until now you can t close down a factory working at full capacity and especially not here in germany s east. the company blamed the shift to green sources of energy like solar power for the move. board member lesa davis said the power generation industry is experiencing disruption of unprecedented scope and speed renewables are pushing other forms of power generation under increasing pressure today s action follows a nearly three year effort to rightsize the business for this changing marketplace
and here s one reason you might want to dodge a bit of tax twenty years or spend a hell of a saying the funny side having a bit left over money to buy a flashy car and just wait for it. happens dodge part. that s one thing to do with the money anyway siemens is to slash up to six thousand jobs in its wind turbine business the cuts affect workers across twenty four countries the news comes after just months of just months after the german industrial giant merged its wind power business with spanish renewable company game sucks but orders especially in the u.s. have slumped the company says the job cuts are needed to secure its position as a market leader in the renewables business. it started as a sprint became a marathon and ended in a stumble merger talks between telecoms rivals t. mobile and sprint have broken down the two firms have failed to reach