Siemens Plans Job Cuts in Power, Gas Division

The transcript discusses the challenges faced by the market and the reorganization efforts needed in the business, particularly in the power and gas sectors. It highlights the achievements of fiscal year 2017, including record performance and guidance fulfillment. The need to adapt to the growing renewable energy market is emphasized, with plans to realign resources in power generation. The outlook for 2018 is optimistic, with expectations of synchronized global growth and opportunities in digital factories and healthcare. Plans for an IPO in the healthcare sector are also discussed, with a focus on market readiness and timing.

What was a significant achievement for the company in fiscal 2017?

• A reduction in workforce

• A decrease in market share

• A record year with increased guidance

• A decline in renewable energy

What is causing the decline in the large turbine environment?

• Lack of innovation

• Economic recession

• Increased fossil fuel usage

• Booming renewable energy

What is the company's outlook for 2018 in terms of economic opportunities?

• No significant changes

• More risks than opportunities

• Balanced risks and opportunities

• More opportunities than risks

In which sector does the company expect significant growth and good margins?

• Agriculture

• Healthcare

• Retail

• Automotive

What is the company's plan regarding the healthcare business in 2018?

• To close it down

• To expand it globally

• To float parts of it in an IPO

• To merge it with another company

What is crucial for the company before proceeding with the healthcare IPO?

• Reducing costs

• Market conditions

• Hiring more staff

• Increasing production

How long does the company expect to be ready for the IPO?

• 1-2 months

• 3-4 months

• 5-6 months

• 7-8 months