Seeking Alpha

Siemens (SI) is reportedly in talks about cutting thousands of jobs due to the weak economy,...

Siemens (SI) is reportedly in talks about cutting thousands of jobs due to the weak economy, especially in Europe. The conglomerate, which recently warned that its FY goals will be difficult to achieve, will make any decisions in the autumn. Siemens has over the last 15 months been on a hiring spree, increasing employee numbers by 23,000.
From other sites
Comments (2)
  • Dr. V
    , contributor
    Comments (1179) | Send Message
    In addition, Deutsche Post, Deutsche Borse, Deutsche Telekom arebig losers today.


    Relevant, as they are among SIEMENS largest customers, as are the German automakers, re: VW.


    Keep an eye on VW as well, those sales numbers are highly suspect.


    * Thousands of vehicles that were reported as sold are still on dealership lots being advertised for sale as new, something BMW just got pinched for in Detroit. This is common practice among German automakers to be able to compete with their US counterparts.


    Acres of cars parked in storage at Ports in Germany have also been reported as sold, yet they await export.


    Can Germany quit lying about ANYTHING, just for one (1) day?
    21 Aug 2012, 08:53 AM Reply Like
  • Dr. V
    , contributor
    Comments (1179) | Send Message
    Who mentioned this 100,000 times in the last 3 years?


    They (SIEMENS) are under investigation again as well, why was that left out?


    Still operating in Iran, and still servicing contracts. So, if banks are going to be held accountable for dealing with Iran (illegal under UN Sanction), then why does SIEMENS get a pass?


    Is it a conflict of interest to build a Nuclear Reactor for Iran, and a Nuclear Submarine for Israel at the same time?


    Shouldn't Germany be held accountable, seeing as they are a member nation of the UN Security Council?


    Isn't this a bit like running with scissors?


    An additional 23,000 layoffs in addition to the 28,000 from last year, down 67% for Quarter, year-on year, short this stock if you have a brain.


    Remember, SIEMENS has their hand in EVERY German Industry segment, as well as COMPLETE INFRASTRUCTURE, you'll want to be short there as well.


    Couldn't give me ANY German stock for free.
    21 Aug 2012, 08:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs