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Detailed text transcripts for TV channel - DW - 20171116:08:15:00

Weakness in the turbines business a gas powered turbines belong to the oldest and most important products from siemens they generate electricity gas fired power plants but demond has collapsed the firm for cost orders for just one hundred turbines next year and i should say that that is actually globalise across all manufacturers is the means alone has capacity to make one hundred and thirty turbines so clearly more the needed at that other supplies into the mix all of the turbine makers put together could make four hundred units so well why demand what she loa that means of course huge problems for siemens is to have on subsidiary is one of the biggest in the company and the second most profitable bonds made up twenty percent of as humans profits and that is why work has off during the worst entire plants are actually under threat of closure thousands of jobs are at stake and that most new jobs in europe. because. ....

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Detailed text transcripts for TV channel - DW - 20171116:08:16:00

All indicated the company workers have been out protesting at the plant cops they re calling on management to show some vision above all they don t see why they should lose their jobs when these events can blow right as a whole is still raking in billions of euros in profits. so i just want more about this now i m joined by my do business colleagues with me in the studio and jeanette do my lown who is a frankfurt stock exchange for us welcome to you both now firstly. talk us through this because we re mainly talking about gas turbines to generate power where demand has dropped off i mean we certainly don t want to see mass layoffs but could this be a sign that renewables all gaining more attention more orders well all the big players in the market general electric siemens and it s a big she have heavily invested in the guess turbine market because they believe ....

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Detailed text transcripts for TV channel - DW - 20171116:08:18:00

Exactly known to be sentimental when it comes to introducing sweeping changes to the company even if massive job cuts are the result we ve seen this in the last four years that he s on his feet now at the same time investors know that as you said it would be difficult to explain to workers why they re losing their jobs at a time where siemens is doing quite well financially so they ll be expecting pushback on that front on the other hand the landscape is changing a sprawling conglomerate really isn t a future proof model anymore and they will welcome efforts to make the company more focused on more agile alright you know so what then will siemens plans be its ride this out and where will it make its future investments. you know these moves are actually part of an ongoing strategy that qasr had already put in place in the last four years it s gotten rid of a lot of units including appliances nuclear energy nobody has a theme and phone anymore because it got rid of its telephone systems ....

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Detailed text transcripts for TV channel - DW - 20171116:08:19:00

A few years ago and its priority now is realigning towards areas like automation electrification and digitization at the same time i want to create smaller more independent units that operate under the banner of the siemens holding company and that is where investment is expected to flow from here on the right to now thanks a lot you know i want to come back over to you for a final question then because the humans is not the only. one facing an extension crisis general electric as well also facing a huge cash crunch i mean i ll be seeing a global crisis of traditional industries would you say well traditional industries are usually big companies which have a long history for instance was founded in eight hundred forty seven siemens is big and often the times appears like a dinosaur compared to new highly specialized companies which taking a bigger and bigger pieces of the pie away from simonson all the other traditional companies but those traditional companies are striking back siemen ....

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